{"id":33551,"date":"2020-09-03T15:15:16","date_gmt":"2020-09-03T11:15:16","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=33551"},"modified":"2020-09-03T15:15:22","modified_gmt":"2020-09-03T11:15:22","slug":"france-launches-a-stimulus-of-100-billion-to-revive-economy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/france-launches-a-stimulus-of-100-billion-to-revive-economy\/09\/03\/market-updates\/","title":{"rendered":"France Launches a Stimulus of 100 Billion to Revive Economy"},"content":{"rendered":"\n<p>France intends to spend 100 billion euros, equivalent to 118 billion dollars, to extricate its economy from a severe downturn caused by the Corona pandemic, indicating the renewed efforts made by President Emmanuel Macron to push a supportive reform schedule for companies.<\/p>\n\n\n\n<p>An official said ahead of the official launch, which takes place later on Thursday, that the stimulus package is equivalent to 4% of GDP, which means that France is pumping public money into the economy more than other large European economies as a percentage of GDP.<\/p>\n\n\n\n<p>Officials said the stimulus package allocates 35 billion euros to increase the economy&#8217;s competitiveness, 30 billion to more green energy policies, and 25 billion to support jobs.<\/p>\n\n\n\n<p>The plan focuses mainly on supporting companies and is expected to last two years. But it does little to directly support consumer demand, France&#8217;s traditional engine of growth, in contrast to a 130 billion-euro stimulus Germany launched in the spring that includes a cut in value-added tax on sales.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>France intends to spend 100 billion euros, equivalent to 118 billion dollars, to extricate its economy from a severe downturn caused by the Corona pandemic, indicating the renewed efforts made by President Emmanuel Macron to push a supportive reform schedule for companies. An official said ahead of the official launch, which takes place later on &hellip;<\/p>\n","protected":false},"author":9,"featured_media":33552,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6863,6920],"class_list":["post-33551","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-covid-19-2","tag-france"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=33551"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33551\/revisions"}],"predecessor-version":[{"id":33553,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/33551\/revisions\/33553"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33552"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=33551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=33551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=33551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}