French economic recovery is 'real' says IMF

But in its annual appraisal of French economy the Fund says it is 'concerned' about medium-term prospects without more structural reforms.

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France's long-awaited recovery is finally happening, the International Monetary Fund said in its annual appraisal of the French economy, while warning that structural "rigidities" made the mid-term outlook more uncertain, reports The Economic Times.

"The recovery is for real, it's not just a one quarter blip," Christian Mumssen, IMF mission chief for France, told a news briefing of recent official data indicating an acceleration of growth.

But he added: "While the short term forecast is strong and recovery should continue in early next year, we are concerned about the medium term."

The Fund noted in its statement that France had made "important progress" in tackling problems such as the tax wedge on labour and advancing supply-side reforms.