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France: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France

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  • International Monetary Fund

Abstract

A strong economic recovery is underway in France, bolstered by progress on vaccination, strong fiscal support and solid private sector led investment. Employment has recovered to above pre-crisis levels and unemployment is virtually stable. Inflation is increasing, mainly driven by a rise in energy prices but also due to supply-chain disruptions. The public deficit and debt ratio surged in 2020, reflecting the large amount of emergency support deployed and the drop in activity.

Suggested Citation

  • International Monetary Fund, 2022. "France: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France," IMF Staff Country Reports 2022/018, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/018
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