02037cas a2200241 a 4500 AALejournalIMF021464 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513566894 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. France : 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for France. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (89 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students France is among the countries most affected by the global pandemic, both in terms of health and economic impact. Output is expected to have declined by around 9 percent in 2020. The authorities put in place a large emergency fiscal package to address the crisis, focused on preserving jobs and providing liquidity for households and firms, supplemented by additional stimulus measures to support the economic recovery in 2021 and beyond. The banking sector entered the crisis with comfortable buffers and, together with the support of the ECB's accommodative monetary policy, facilitated the provision of credit to the economy. The increased leverage, however, poses solvency risks to the corporate sector. A partial recovery with GDP growth at about 5 1\2 percent is expected in 2021. Risks to the outlook are large, dominated by the virus dynamics and, together with other risks, tilted somewhat to the downside. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2021/015 Full text available on IMF http://elibrary.imf.org/view/journals/002/2021/015/002.2021.issue-015-en.xml IMF e-Library