France: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 334
Publication date: October 2003
ISBN: 9781451813456
$20.00
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Topics covered in this book
This title contains information about the following subjects.
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Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , authority , deficit , government , General government balance , fiscal consolidation strategy , GDP growth , supervisory authorities , state participation , deficit estimate , Pension reform , Employment , Fiscal sustainability , Global
Also of interest
Summary
Over the past several years, implementation of IMF recommendations has been lacking not so much in intention as in pace and timing owing to political economy considerations and a strong social preference for publicly provided services. The discussions focused on how to foster a durable economic recovery while tackling long-standing threats to fiscal sustainability. The authorities were attentive to the possible adverse short-term effects of underlying fiscal adjustment on growth. The authorities acknowledged that containing health care spending growth would be a key challenge.
