related media assets available. Click to see the gallery.PARIS: The French government said jobs were the number one priority as it prepared to unleash a mammoth spending plan for the coronavirus-hit economy on Thursday .
The French economy has experienced its worst downward spiral since 1945, with gross domestic product plunging 13.8 per cent in the second quarter, after a drop of more than 5 per cent in the first. "This plan is not just designed to dress the wounds from the crisis," Castex told Le Figaro daily."It lays the ground for the future."
This time,"the focus is not on public debt", agreed Xavier Ragot, president of the OFCE economics institute. Unlike the post-2008 crisis response, much of the new plan targets the supply and investment side of the economy, namely businesses.
Source: Financial Digest (financialdigest.net)
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