France has ‘entered a persistent inflation economy’, according to Geoffroy Roux de Bézieux

France has 'entered a persistent inflation economy', according to Geoffroy Roux de Bézieux

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“It’s an environment most entrepreneurs have never known,” the Medef president told JDD.

Medef president Geoffroy Roux de Bézieux said on Saturday that France was “entering a sustainable inflation economyin an interview given to Sunday newspaper , the day after the announcement of a new acceleration in the rise in prices. In April, inflation reached 4.8% a year, a level not seen since November 1985, according to an initial INSEE estimate. In the eurozone, the rate even reached 7.5% for the same month.

It is an environment that most entrepreneurs have never experienced“Medef’s boss is concerned that he has reiterated his call for a reduction in production taxes. “Nor will the population as a whole, which will be faced – through the inevitable rise in interest rates – with rising prices in the critical housing sector.“, he added.”This inflation is mainly due to rising energy prices“, Recalled on Saturday the European Commissioner for the Internal Market, Thierry Breton, during a radio interview. France Inter.

Notes further,inflationary dynamicsin the eurozone. According to him, many uncertainties are burdening the European economy due to the conflict between Ukraine and Russia and also in relation to “supply chain disruptions“Especially in China,” he said. “Many of our factories and value chains are at a dead end given the somewhat radical management of the Chinese authorities closing down entire sections of the economy.In Shanghai, for example, to fight the Covid-19 epidemic. Supply chain breaks have been the main driver of rising global prices since the Covid-19 pandemic, with lockdowns in different areas and at different times creating bottlenecks.

Invent low-carbon capitalism»

In his interview, Geoffroy Roux de Bézieux also spoke about ecology, stating that “Shrinkage is not acceptable to the majority of our fellow citizensAccording to him, it shouldinvent carbonized capitalism“, using specific”green technologies in cement or steelHowever, 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” from “ecological designaddressed by Emmanuel Macron. “The European Union has started this process, France must follow“, Emphasizes Geoffroy Roux de Bézieux.

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