France [electronic resource] : 2005 Article IV Consultation-Staff Report, Staff Supplement, and Public Information Notice on the Executive Board Discussion.

International Monetary Fund
Washington, D.C. : International Monetary Fund, 2005.
IMF eLibrary
IMF Staff Country Reports; Country Report No. 05/399.
IMF Staff Country Reports; Country Report No. 05/399
Government document
1 online resource (62 p.)
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Active labor. (search)
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Article IV consultation reports. (search)
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This 2005 Article IV Consultation highlights that the cyclical recovery of the French economy was interrupted in the first half of 2005, as previously strong domestic demand faltered and the external sector continued to exert a drag on growth. In 2004, growth was faster and more consumption-driven than in other large euro area countries. Employment growth in hours, increases in minimum wages, and some fiscal measures supported private household incomes. The 2006 draft budget targets a reduction in the general government deficit to 2.9 percent of GDP.
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