Second, I have associated myself with the strategic concept of “competitive disinflation” during all the period during which a previously high inflation economy, namely the French economy, was looking for being more effective in reinforcing its competitiveness through lower production cost and lower inflation rather than through monetary devaluation. Now we are in an area where monetary stability is fully ensured.
At the same time, natural uncertainty requires us to be flexible to adapt to circumstances that can change rapidly. In concrete terms, this means business leaders must be aware of the risks involved in resource production, manage those risks as best as they can, and be ready to react to market signals and seize opportunities.