OECD Economic Outlook, Volume 2016 Issue 1
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on promoting productivity and equality, a chapter summarising developments and providing projections for each individual country and a statistical annex.
France
Economic growth is projected to reach 1.4% this year and 1.5% in 2017 thanks to lower energy prices, tax cuts on labour and businesses and persistently low interest rates. Employment will increase, supported by lower social security contributions and new hiring subsidies, but will lead to only a gradual fall in unemployment. Inflation will remain low, as slack will persist to the end of the forecast period.