France needs to keep on reforming its labour market and pensions and healthcare systems to lift growth and ensure the long-term sustainability of its public finances, the OECD said on Wednesday.
The Paris-based think tank said French growth had lost its edge over the past decade over big trading partners, such as German and Italy.
Several of the OECD’s recommendations chimed with proposals by President Nicolas Sarkozy, including replacing the plethora of job contracts with a unified contract that would increase protection the longer a worker stayed with a firm.
The Organisation for Economic Cooperation and Development also told Paris to build on past reforms to make the labour market more flexible and to overhaul the pensions system to cope with an ageing population.
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