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France : tenue de rigueur imposée. Perspectives 2013-2014 pour l'économie française

Author

Listed:
  • Éric Heyer
  • Marion Cochard
  • Bruno Ducoudré
  • Hervé Péléraux
  • Mathieu Plane

Abstract

French GDP is expected to fall slightly in 2013(-0.2%)and recover by a modest 0.6% in 2014. Five years after thestart of the crisis, the French economy has a strong potential for recovery: GDP could grow spontaneously by2.6%per year on average in 2013 and 2014. But this spontaneousrecovery ishampered mainly by the introduction of budget consolidation measures in France andin otherEuropean countries. This budget strategy should reduce French GDP by 2.6percentage points in 2013 and by 2.0 percentagepoints in 2014. The labour market situation willcontinue todeteriorate. The unemployment rate will rise and reach 11.6% at the end of 2014. JEL Classification: F01.

Suggested Citation

  • Éric Heyer & Marion Cochard & Bruno Ducoudré & Hervé Péléraux & Mathieu Plane, 2013. "France : tenue de rigueur imposée. Perspectives 2013-2014 pour l'économie française," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(3), pages 101-169.
    • Handle: RePEc:cai:reofsp:reof_129_0101
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    Keywords

    French macroeconomic forecasts;

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook

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