Friday, July 31, 2009

IMF Pessimistic on France

The IMF's outlook for France is more pessimistic than the French government's. Growth above 2% will not return until 2013, according to the IMF. That could complicate Sarkozy's 2012 re-election campaign. Of course, since his opponent could well be the head of the IMF, one might want to look at these numbers with a skeptical eye.

The IMF staff report is available here.

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