France : 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for France

1FRAEA2009001 Image
Price:  $18.00

Release Date: © July, 2009
ISBN : 978-1-45181-372-2
Stock #: 1FRAEA2009001
English
Stock Status: On back-order

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Description

This 2009 Article IV Consultation highlights that the global financial crisis and the contraction of world trade have pulled the French economy into a severe recession and put its financial sector under strain. Structural features combined with early policy action have helped soften the downturn. Executive Directors have noted that the near-term economic outlook remains challenging, with GDP growth expected to decrease by 3 percent in 2009. Directors have also stressed that safeguarding medium-term fiscal sustainability and avoiding unsustainable debt dynamics is a key priority for the coming years.

Taxonomy

Capital markets , Economic policy , Financial crisis , Financial institutions and markets , Fiscal policy , International financial system , Labor market , Labor policy , Monetary policy , Securities markets




More publications in this series: IMF Staff Country Reports