Jean Castex, the Prime Minister, and Bruno Le Maire, in charge of the recovery plan, at the Elysee Palace at the end of August.

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NICOLAS MESSYASZ / SIPA

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THE ESSENTIAL

  • The government of Jean Castex announces this Wednesday a plan to revive the economy of 100 billion euros.

  • It is about facing an unprecedented recession, due to the health crisis that has paralyzed part of the economy for weeks.

  • This presentation comes "late" compared to other European countries which announced their plan at the beginning of the summer.

    This presentation was however postponed for another week, while new cases of contamination soar.

TO READ

Economy

1.5 billion euros for the overseas implementation of the recovery plan

Economy

Jean Castex sets the target of 160,000 jobs created in 2021 with the recovery plan

TO HAVE

11.54am: What is the recovery plan?

In total, 100 billion euros over two years will be injected into the economy while GDP is expected to contract by 11% this year.

The government's objective is to return to the pre-crisis activity level in 2022 and to start seeing unemployment drop, when it expects 800,000 job cuts this year.

The plan should create 200,000 jobs between the end of 2020 and the end of 2021, promises Matignon.

For this, the executive promises an execution without loss of time, within two years of the presidential election, with a steering committee, chaired by the Prime Minister, to verify the allocation of funds and redistribute them if certain projects are falling behind.

After the 460 billion euros in emergency support mobilized since the start of the crisis, the recovery plan is therefore a medium-term investment plan, around three priorities: ecological transition, business competitiveness and social cohesion, defends Matignon.

11:45 am: It's almost time!

Although there is no precise time, we know that it is after the Council of Ministers on Thursday that the plan must be presented.

We can reasonably think that it should start around noon.

Hello everyone and hello everyone!

How to revive the economy after the health crisis?

The government of Jean Castex thinks it has found the martingale with a plan of 100 billion euros to be announced this Thursday.

We already know some attributes but not all, we will discover them together.

  • Covid 19

  • Jean Castex

  • Bruno the Mayor

  • Relaunch

  • Politics

  • Coronavirus

  • Recovery plan

  • Economic crisis