France's largest economic stimulus policy Invest in hydrogen technology etc. for economic recovery September 4 6:30
In order to rebuild the economy hit by the new coronavirus, the French government announced the largest economic stimulus measure in the past amounting to JPY 12.60 trillion in Japanese yen including investment in the environmental field and measures for employment of young people Did.
In France, due to the influence of the new coronavirus, economic growth from April to June has fallen sharply by -13.8% compared to the previous three months, and it has been seriously hit.
On the 3rd, the French government announced a stimulus package called "Reconstruction of France" with a total amount of 100 billion euros and the Japanese yen amounting to about 12.6 trillion yen with the aim of rebuilding the economy by next year.
This is more than four times the stimulus measures taken during the 2008 financial crisis and is the highest ever.
Nearly one-third of them will recover the economy and reduce greenhouse gas emissions by investing in hydrogen technology, which is expected as clean energy, and expanding railway lines.
It also includes employment measures for young people and a large tax cut for companies.
The French government's debt is expected to swell to 121% of GDP in the meantime due to the support measures so far, but Prime Minister Castex stressed that "the tax will not be increased", and the economic stimulus measures have helped the economy. The focus will be on growth.