France: government presents post-Covid relaunch plan

100 billion to fight drop in business and unemployment

03 September, 16:47

    (ANSAmed) - PARIS, SEPTEMBER 3 - The French government on Thursday presented details of a 100-billion-euro, two-year relaunch plan with the objective of economic recovery following the coronavirus health crisis, thus preparing the France of 2030. "This plan isn't limited to healing the wounds of the crisis, but prepares the future," said French Prime Minister Jean Castex in an interview with French daily Le Figaro. The plan will inject 100 billion euros into the economy across a two-year time frame, to cope with an estimated 11% contraction this year due to the coronavirus epidemic and lockdown. The goal is to get back to a pre-crisis activity level by 2022 and start to see a drop in unemployment, quantified in 800,000 fewer jobs this year alone. Castex said he "hopes" the plan will create 160,000 jobs in 2021.(ANSAmed). (ANSA).

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