Stimulating Growth

France: La Vie en Rose

France Frenche president Francois Hollande prime minister Manuel Valls Source AFP
France's president, Francois Hollande (l) has put Manuel Valls (r) in charge of reforming the country's economy.
  • Why it matters

    Why it matters

    France, the world’s fifth-largest economy, is struggling to stimulate growth and reduce debt, hampering development and employment in the whole euro zone.

  • Facts


    • France’s new government has announced several reforms, including €40 billion in tax and cost breaks for French firms.
    • France’s economy was expected to grow 0.4 percent in 2014, the country’s finance ministry said in October.
    • The government’s deficit will not fall below 3 percent until 2017.
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The world is changing rapidly – and it will not wait for anyone. The only way to thrive is to keep pace with this transformation. That is why France is pursuing reforms.

Of course, reform means change. But it does not mean giving in to external pressure, or giving up what makes France French. Rather, it is the key to consolidating our history, our pride, our traditions, our way of life and our values in a dynamic global environment, for the sake of today’s citizens and tomorrow’s. It is the key to building a stronger, more prosperous France.

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