The OECD projects global growth to increase to around 3.5% in 2017 and 3.7% in 2018, up from 3% in 2016. In the Euro area, GDP growth has outpaced expectations in the first half of 2017 and the unemployment rate fell to 9.1%, the lowest since 2009.
Mr. Angel Gurría, Secretary-General of the OECD, in Strasbourg on 10 October 2017
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Selected findings for France from the report "The Pursuit of Gender Equality: An Uphill Battle"
Economic growth is strengthening in France, supported by consumption and investment, and the labour market is gradually recovering, as past reductions of comparatively high labour and business taxes are starting to take effect. However, GDP and employment growth are still lagging relative to the euro-area average.
The OECD Headquarters was open to the general public for the Journées du patrimoine on 16-17 September 2017.
The French economy is expanding, the labour market is recovering – albeit gradually - while productivity and the standard of living remain generally high, according to a new OECD report.
Le contexte est favorable : nous avons ainsi revu à la hausse notre prévision de croissance pour l’économie française à 1.7 % en 2017, soit le niveau le plus élevé depuis 2011. Les réformes engagées dans le passé, notamment les réductions d’impôts sur le travail et les investissements, commencent à porter leurs fruits : le chômage a commencé à baisser et les entreprises exportatrices ont pu rétablir leurs marges bénéficiaires.
GDP is set to grow by at least 1.6% in 2017-18, supported by private consumption and investment. The labour market is improving, but productivity gains are too low to sustain the current level of social protection, high-quality public services and rising incomes in the long run.
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After a small decrease during the second half of 2015, unemployment has been stabilising in France over the past year, but at 9.5% of the labour force in April, it remains high and well above its level before the financial crisis (7.3% in March 2008). In most other OECD countries, labour market conditions have shown stronger improvements.