The OECD has just published its latest Economic Survey of France. According to the report, France has avoided the most severe impacts of the global economic crisis and turmoil in the euro area, but must now take action to boost competitiveness and create jobs.
The study urges France to attack the pervasive bottlenecks that have limited economic growth and maintained high unemployment over the past decades.
While congratulating the French Government for significant progress in the past months, the OECD identifies several priority areas for action:
-Bolster the economy’s potential growth rate.
-Tax and transfer system reforms are essential
-Staying the course on improving public finances is necessary.
-The difficulties facing young people call for wide-ranging actions.
The whole report is available for the IESE Community here.