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Chapter 5. France: Imbalances and Declining Competitiveness »
Chapter
Source: Global Rebalancing : A Roadmap for Economic Recovery
Series: Books
Author(s): Hamid Faruqee , and Krishna Srinivasan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 August 2013
ISBN: 9781475573664
Keywords: current account, public debt, public finances, fiscal consolidation, financial sector
France’s external balances over the past decade have gradually deteriorated from surplus to moderate deficit, reflecting worsening competitiveness on the back of declining trend growth. Rising p...