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you are currently viewing:France: Staff Concluding Statement of the 2026 Article IV MissionMay 21, 2026--The French economy continued to expand at a moderate pace in 2025, despite domestic and external shocks, but new headwinds from the war in the Middle East are starting to weigh on activity. The authorities' response to the energy shock has so far been appropriate and should remain limited, temporary, and targeted towards the most vulnerable, while preserving market incentives and containing fiscal costs. High public debt and rising spending pressures underscore the need to advance the consolidation effort, in line with the Medium Term Fiscal Structural Plan and EU rules, building on the 2025 fiscal overperformance. The upcoming electoral cycle provides an opportunity for France to articulate a credible, well-defined multi-year strategy to support fiscal consolidation and unlock growth potential. Source: imf.org |
