Thursday, October 1, 2009

IMF WEO

The IMF's World Economic Outlook is out, and growth for France in 2010 is projected to be 0.9%, ahead of Germany at 0.3% but below the US at 1.5. Germany is of course hampered by the sharp rise in the euro because of its export-led economy. If the projections turn out to be correct, you can be sure that we'll hear a lot of boasting from the government, even though France's relatively good performance will have been due more to structural factors than to policy. But luck should never be discounted in politics.

1 comment:

kirkmc said...

To be fair, it does look as though France has gotten through this crisis so far with less damage than some of the other countries. Sure, unemployment has gone up a bit, but I would have thought it would go back up to double-digits pretty quickly. It may turn out that the plan to bolster the economy actually helped in France.