France’s economy is growing and the labour market is gradually improving. However, the share of people out of work for more than 12 months remains high and many young people are on temporary contracts, with weak long-term job prospects and little opportunity for training.
In a new report, the OECD says that France should modernise and strengthen the co-ordination of labour immigration in order to attract foreign talent and align itself more closely with the needs of the labour market.
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.
"I have extended my sincerest congratulations to Mr Macron on his election as President of the French Republic," Mr Gurría said from Paris. "The values of openness and understanding that he represents are at the core of the OECD's mission. We look forward to working closely with President Macron to better shape globalisation to make it work for all, promoting better lives in France, Europe and worldwide."
France has improved its environmental performance over the last decade, lowering greenhouse gas emissions, reducing some air pollutants and cutting its use of fresh water. Further effort will be needed, however, to reduce pollution by nitrates and pesticides and meet ambitious renewable energy targets, according to a new OECD report.
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young and old, according to the OECD’s latest Global Economic Outlook.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
On behalf of the OECD, Secretary-General Angel Gurría tonight condemned in the strongest terms the barbaric terrorist attacks perpetrated in Paris on the evening of 13 November.
In a note presented to French Economy Minister Emmanuel Macron today (only available in French), the OECD estimates that five sets of measures in the Macron Law could potentially increase France’s GDP by 0.3% over 5 years and by 0.4% over 10 years.
OECD Secretary General Angel Gurría welcomes the initiative of President Francois Hollande and Chancellor Angela Merkel to put forward a structural and ambitious response to the current refugee crisis.