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France: Staff Report for the 1999 Article IV Consultation

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  • International Monetary Fund

Abstract

This 1999 Article IV Consultation highlights that the economic recovery in France—which began hesitantly in the mid-1990s—strengthened in the first half of 1998 when internal demand became the driving force in a setting of price stability, strong competitiveness, and falling interest rates. By summer 1998, though, a weaker external environment in the wake of the emerging market crises had started to dampen the upswing. Activity softened as business confidence deteriorated and excessive inventories were worked out. Nonetheless, GDP growth for the year was still the fastest in the decade.

Suggested Citation

  • International Monetary Fund, 1999. "France: Staff Report for the 1999 Article IV Consultation," IMF Staff Country Reports 1999/127, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1999/127
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=3279
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    Cited by:

    1. Kamps, Christophe & Meier, Carsten-Patrick & Scheide, Joachim, 2000. "Euroland: Strong upswing, risks to price level stability," Kiel Discussion Papers 359, Kiel Institute for the World Economy (IfW Kiel).

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