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France

Author

Listed:
  • Alina-Cerasela Aluculesei

Abstract

The economy of France has witnessed a state of quasi-stability in 2016, with GDP growth decreasing slightly from 1.3% in 2015 to 1.2%. Within domestic demand, private consumption and productive investments recorded higher growth rates than in the previous year, thus creating the premises for a more accelerated economic development in the coming years. High unemployment is one of the main weaknesses of the French economy and continues to remain above the EU average. The outcome of the May 2017 Presidential election makes the country's economic prospects even more encouraging, with President Macron's policies being directed towards long-term collaboration with the European Union in view of reforming the European project and ensuring a more open stance towards globalization. As for the prospects for 2017-2018, the positive trend of the French economy since 2015 is predicted to continue.

Suggested Citation

  • Alina-Cerasela Aluculesei, 2017. "France," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 121-126.
    • Handle: RePEc:iem:conjun:y:2017:p:121-126
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