France
Article Abstract:
France saw a fall in output of 1% in 1993 and economic recovery started in 1994 with growth of 3.6% forecast for 1995, falling to 2.6% for 1996. Unemployment has fallen since the application of more stringent measuring procedures, but is likely to remain high and is forecast at a little under 10% in 2000. Inflation has been subdued to to the strength of the French franc. The French government aims to reduce the budget deficit to 3.6% of gross domestic product by 1995, but this will be difficult if the government also seeks to reduce unemployment.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
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France
Article Abstract:
French fiscal policy is likely to depress demand in 1995. The French budget deficit should be reduced by 5% but the Maastricht convergence target is likely to be reached by 1999 rather than 1997 as planned. Economic growth of 3.3% is forecast for 1995, falling to 2.9% for 1996. Fixed investment is recovering slowly and consumer spending is likely to fuel growth. Consumption may rise by nearly 3% in 1996. Unemployment is not likely to drop to under 9% until the year 2000.
Publication Name: Economic Outlook
Subject: Economics
ISSN: 0140-489X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
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