“The growth dynamic is running out of steam”, according to the boss of Medef

2023-09-05 14:13:30

Bad news. According to the president of Medef Patrick Martin, “the situation is turning around” in France. “We are between two waters” he estimated on France Info, noting that “in a good number of cases the situation is turning around”, a phenomenon “flagrant in the building”, according to him.

“Growth momentum is running out of steam in a global panorama that is running out of steam itself,” due to rising interest rates. “It shouldn’t take too long,” he said. Before the next social conference, Patrick Martin felt that there should not be “an impact on all salary scales of the increase in the Smic”.

Raising the minimum wage in most branches

He assured that there would soon be “only a very small number of branches which will not have concluded the revaluation” of the minimum wage, whereas there were 150 in the spring and there are still some left. another 80. He put the situation down to renegotiations taking place “at a rate we haven’t seen for thirty years” because of inflation.

As discussions at Agirc-Arrco open on Tuesday with the possibility of the disappearance of the 10% penalty for three years on complementary insurance, Patrick Martin considered that “the scheme is working well” and he wished that ” its financial equilibrium is preserved”.

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