Report
France: As soon as the fiscal deficit is higher than 2% of GDP, the government of the day makes the bet that potential growth and the employment rate will pick up in the future
In France, t he fiscal deficit that ensures stability in the public debt ratio over the medium term is currently 2% of GDP. This means that as soon as the government runs a fiscal deficit higher than this level, in reality it is making the bet that the employment rate and potential growth will be higher in the future. If this government does not implement policies that will drive up the employment rate and potential growth, then it must be admitted that its fiscal policy is irresponsible.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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