France: 2013 Article IV Consultation Concluding Statement
We expect a gradual turnaround of economic conditions in the second half of this year, but risks of a more prolonged stagnation in Europe remain elevated. Restoring external competitiveness remains a critical priority and should be complemented by developing domestic sources of growth. In our view, the growth strategy should rest on the following pillars: -Raising the economy’s capacity to create value and generate productivity gains through increased competition in product and services markets. -Building on the momentum of the labor market reform negotiated by social partners to create better labor market outcomes and to reduce rigidities. |
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