“It’s an environment that most business leaders have never known,” analyzes the president of Medef in the JDD.
The president of Medef Geoffroy Roux de Bézieux estimated on Saturday that France is “entry into a sustainable inflation economyin an interview given to Sunday newspaper , the day after the publication of a new acceleration in the rise in prices. In April, inflation reached 4.8% over one year, a level not seen since November 1985, according to an initial estimate by INSEE. In the euro zone, the figure even reached 7.5% for the same month.
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“It’s an environment most business leaders have never experienced“Worries the boss of Medef, who reiterated his request for a reduction in production taxes. “Neither will the population as a whole, who will be confronted – through the inevitable rise in interest rates – with rising prices in the crucial housing sector.“, he added. “This inflation is mainly due to the increase in energy prices“, recalled on Saturday the European Commissioner for the Internal Market, Thierry Breton, during a radio interview. France Inter.
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He further notes,inflationary dynamicsin the euro area. According to him, many uncertainties weigh on the European economy because of the conflict between Ukraine and Russia and also in connection with “supply chain disruptions“, in particular in China, he underlined. “Many of our factories and value chains are at a standstill given the somewhat radical management of the Chinese authorities who are closing entire sections of the economy.“, in Shanghai for example, to fight against the epidemic of Covid-19. Supply chain disruptions have been a major driver of rising global prices since the Covid-19 pandemic, where lockdowns in different areas and at different times created bottlenecks.
“Invent low-carbon capitalism»
In his interview, Geoffroy Roux de Bézieux also spoke about ecology, indicating that “downsizing is not acceptable for the majority of our fellow citizens“. According to him, we mustinvent decarbonized capitalism“, using in particular “green technologies in cement or steel“. However, he recognizes that the implementation of these measures “would lead to higher prices for industrial goods in many sectors, including housing“.
The president of Medef added that the sectors of industry, transport, energy or housing should also be “stakeholders” of the “ecological planningaddressed by Emmanuel Macron. “The European Union has started this process, France must follow», stresses Geoffroy Roux de Bézieux.