2009 OECD Economic Surveys: France 2009

image of OECD Economic Surveys: France 2009

The French economy has not escaped the severe recession gripping all developed countries, but it should be less deep than elsewhere due to powerful automatic stabilisers. Nevertheless, the crisis will leave public finances in a serious condition. This 2009 edition of OECD's periodic survey of the French economy includes chapters covering coping with recession, labour market reforms, restoring French competitiveness, and strengthening competition.

English Also available in: French

Progress in labour market and other reforms

The authorities have undertaken numerous structural reforms since the last OECD Economic Survey was published in June 2007. Many of those reforms go in the direction of the recommendations offered at that time, while other reforms conducive to social dialogue have also been put in place. This chapter reviews the progress that has been made in improving the functioning of the labour market, addressing the problem of demographic ageing and making the education system more effective. These efforts will have to be pursued and the momentum of reform maintained, pressing ahead even further in some fields while perhaps changing course in others. The greatest challenge is to raise the employment rate in order to restore the health of public finances and sustain rising living standards.

English Also available in: French

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