Paris after Berlin. The International Monetary Fund has revised downwards its forecasts on the trend of France's GDP. Now the IMF expects a 0,2% recession this year (against the -0,1% indicated in mid-April), while for 2014 it expects a recovery of 0,8% (against the +0,9 .XNUMX% previously estimated). Yesterday the Fund had Germany's growth forecast halved.
In the report published after the annual inspection in France, the IMF urges Paris to maintain the momentum of structural reforms and to remove "the strong rigidities" that sclerotic the economy. Furthermore, according to the Washington institution, it is unlikely that the negative cycle of the labor market will be reversed by the end of the year, as the government of President François Hollande has pledged to do.
