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France: Staff Report for the 2015 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2015 Article IV Consultation highlights that a solid economic recovery in France is under way. The economy is expected to expand by 1.2 percent in 2015, supported by an accommodative external environment. Sharply lower oil prices, a depreciated euro, low interest rates on account of quantitative easing, and the recovery in other euro area countries should underpin household consumption, lift export growth, and eventually foster a rebound in investment. The fiscal strategy, set out in the current multi-year budget law and the 2015 Stability Program, aims to bring the headline deficit below 3 percent of GDP by 2017, with a gradual adjustment based exclusively on spending containment.

Suggested Citation

  • International Monetary Fund, 2015. "France: Staff Report for the 2015 Article IV Consultation," IMF Staff Country Reports 2015/178, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2015/178
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    References listed on IDEAS

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    1. Mr. Igor Lebrun & Mrs. Esther Perez Ruiz, 2014. "Demand Patterns in France, Germany, and Belgium: Can We Explain the Differences?," IMF Working Papers 2014/165, International Monetary Fund.
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