Inflation at 12% and a sharp increase in food prices in September? “We left for 10 years of difficulties”

The professor of Economics at UCLouvain, Bruno Colmant, was the guest of Pascal Vrebo on RTL-TVI this Sunday. For the economist, most observations underestimate the magnitude of the coming crisis, and the challenge that the ecological and energy transition represents for our societies: “We will have inflation of 12% and I believe that prices will increase sharply in the food sector from September.

“I think we left for 10 years”

Bruno Colmant thinks that we are “left for ten years of difficulties”: “Who says purchasing power shock, first says people who are suffering. Companies that may have to compress staff to compensate for an increase in both wages and energy materials. So inflation generates what is called recession, stagflation. It’s a damaging scenario. And I think we’re gone for ten years.

“All the ballasts of growth that we have had over the past 40 years, with a market economy model, are now being emptied. We can see it in all areas. The world is changing very quickly. We are no longer in the model of the 80s and 90s, ”said the professor.

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