{"id":5227,"date":"2022-01-20T09:00:30","date_gmt":"2022-01-20T13:00:30","guid":{"rendered":"https:\/\/www.epkdesign.com\/faccmi\/mot-du-president-janvier-2022\/"},"modified":"2023-03-15T10:35:52","modified_gmt":"2023-03-15T14:35:52","slug":"mot-du-president-janvier-2022","status":"publish","type":"post","link":"https:\/\/www.faccmi.org\/fr\/mot-du-president-janvier-2022\/","title":{"rendered":"Mot du Pr\u00e9sident Janvier 2022"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-la1wm9u3-09827469a65c3812f0a7b0032c127852\">\n#top .av-special-heading.av-la1wm9u3-09827469a65c3812f0a7b0032c127852{\npadding-bottom:10px;\n}\nbody .av-special-heading.av-la1wm9u3-09827469a65c3812f0a7b0032c127852 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n.av-special-heading.av-la1wm9u3-09827469a65c3812f0a7b0032c127852 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-la1wm9u3-09827469a65c3812f0a7b0032c127852 av-special-heading-h1 blockquote modern-quote  avia-builder-el-0  el_before_av_post_metadata  avia-builder-el-first  av-linked-heading'><div class='av-subheading av-subheading_above'><p><a href=\"https:\/\/www.epkdesign.com\/faccmi\/fr\/evenements\/\">\u00c9v\u00e9nements<\/a> | <a href=\"\/faccmi\/whats-new\/\">Quoi de neuf<\/a>?<\/p>\n<\/div><h1 class='av-special-heading-tag '  itemprop=\"headline\"  >Mot du Pr\u00e9sident Janvier 2022<\/h1><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-5oyq2c-667afec5f02c0a56aa7acc4dae33c792\">\n#top .av-post-metadata-container.av-5oyq2c-667afec5f02c0a56aa7acc4dae33c792{\ncolor:#969696;\n}\n<\/style>\n<div  class='av-post-metadata-container av-5oyq2c-667afec5f02c0a56aa7acc4dae33c792 av-metadata-container-align-left  avia-builder-el-1  el_after_av_heading  el_before_av_hr  av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-published time\"><span class=\"av-post-metadata-published time-date\" >20 janvier 2022 9h00<\/span><\/span><span class=\"av-post-metadata-content av-post-metadata-separator\">|<\/span><span class=\"av-post-metadata-content av-post-metadata-category\"><span class=\"av-post-metadata-category-link\" ><a href=\"https:\/\/www.faccmi.org\/fr\/category\/mot-du-president-fr\/\" >Mot du Pr\u00e9sident<\/a><\/span><\/span><\/span><\/div><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-275eic-728f7ee4ec1a78ceb84e044621da5013\">\n#top .hr.hr-invisible.av-275eic-728f7ee4ec1a78ceb84e044621da5013{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-275eic-728f7ee4ec1a78ceb84e044621da5013 hr-invisible  avia-builder-el-2  el_after_av_post_metadata  el_before_av_one_fourth '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-4phxk4-8705b47ad6e17aff025e778ceb1c4764\">\n.flex_column.av-4phxk4-8705b47ad6e17aff025e778ceb1c4764{\npadding:5px 0 0 0;\n}\n<\/style>\n<div  class='flex_column av-4phxk4-8705b47ad6e17aff025e778ceb1c4764 av_one_fourth  avia-builder-el-3  el_after_av_hr  el_before_av_three_fourth  first flex_column_div  '     ><style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l4p3kjfc-599ddc5e34f3dfd86af37eb842eb1a21\">\n.avia-image-container.av-l4p3kjfc-599ddc5e34f3dfd86af37eb842eb1a21 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-l4p3kjfc-599ddc5e34f3dfd86af37eb842eb1a21 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-l4p3kjfc-599ddc5e34f3dfd86af37eb842eb1a21 av-styling- av-hover-grow av-hide-overflow avia_animated_image av-animated-when-visible-95 fade-in avia-align-left  avia-builder-el-4  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" fetchpriority=\"high\" class='wp-image-4301 avia-img-lazy-loading-not-4301 avia_image ' src=\"https:\/\/www.faccmi.org\/wp-content\/uploads\/2022\/05\/cedric-ballarin-photo-reduced-199x300.png\" alt='' title='cedric ballarin'  height=\"300\" width=\"199\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/www.faccmi.org\/wp-content\/uploads\/2022\/05\/cedric-ballarin-photo-reduced-199x300.png 199w, https:\/\/www.faccmi.org\/wp-content\/uploads\/2022\/05\/cedric-ballarin-photo-reduced.png 400w\" sizes=\"(max-width: 199px) 100vw, 199px\" \/><\/div><\/div><\/div><\/div>\n<div  class='flex_column av-1zs9r8-9b25cec41d6a4d988c635e39f6d78e3b av_three_fourth  avia-builder-el-5  el_after_av_one_fourth  avia-builder-el-last  flex_column_div  '     ><section  class='av_textblock_section av-l4qhexid-772619c5181ceb3c43f1022317e1a3ef '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><h3>Happy New Year 2022, Bonne Ann\u00e9e \u00e0 tous !<\/h3>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-2jid10-c35391386dcafc5dbe51aa5b144c4722\">\n#top .hr.hr-invisible.av-2jid10-c35391386dcafc5dbe51aa5b144c4722{\nheight:15px;\n}\n<\/style>\n<div  class='hr av-2jid10-c35391386dcafc5dbe51aa5b144c4722 hr-invisible  avia-builder-el-7  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-l4p2pkze-e124a7480315310cafca120cc6aa661a\">\n#top .av_textblock_section.av-l4p2pkze-e124a7480315310cafca120cc6aa661a .avia_textblock{\ncolumn-count:2;\n}\n<\/style>\n<section  class='av_textblock_section av-l4p2pkze-e124a7480315310cafca120cc6aa661a '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock av_multi_colums'  itemprop=\"text\" ><div>Le mois de janvier est l&#8217;occasion de r\u00e9fl\u00e9chir aux r\u00e9alisations de 2021 et d&#8217;examiner les pr\u00e9visions pour l&#8217;ann\u00e9e \u00e0 venir. Avec une pr\u00e9vision de croissance du PIB de 5,6 % en glissement annuel, 2021 a \u00e9t\u00e9 l&#8217;une des meilleures ann\u00e9es jamais enregistr\u00e9es pour l&#8217;\u00e9conomie am\u00e9ricaine. Le taux de ch\u00f4mage est proche de son niveau record de 3,9 % \u00e0 la fin du mois de d\u00e9cembre 2021. Comparativement, le PIB de la France a augment\u00e9 d&#8217;environ 6,25 % au cours de la m\u00eame p\u00e9riode, tandis que le taux de ch\u00f4mage est tomb\u00e9 \u00e0 8,1 % \u00e0 la fin du mois de septembre 2021, un chiffre relativement bas par rapport \u00e0 la moyenne des quatre ann\u00e9es pr\u00e9c\u00e9dentes. Les pr\u00e9visions pour 2022 varient entre une croissance du PIB de +3,5 % pour l&#8217;\u00e9conomie am\u00e9ricaine et de +3,8 % pour l&#8217;\u00e9conomie fran\u00e7aise. Tous ces chiffres sont relativement bons, alors quel est le probl\u00e8me ? &#8230; Le probl\u00e8me semble \u00eatre l&#8217;inflation.<\/div>\n<div><\/div>\n<div><\/div>\n<div>En 2021, les salaires am\u00e9ricains ont augment\u00e9 de 4,7 % tandis que l&#8217;indice des prix \u00e0 la consommation a grimp\u00e9 de 7 %, soit la plus forte hausse sur douze mois depuis juin 1982, ce qui a eu pour effet d&#8217;\u00e9roder tous les gains obtenus sur d&#8217;autres fronts. Situation similaire en France avec un taux d&#8217;inflation annuel confirm\u00e9 \u00e0 2,8 % en glissement annuel en d\u00e9cembre 2021, un plus haut depuis 13 ans, alors que les salaires ont augment\u00e9 de 0,9 % sur les 6 premiers mois de l&#8217;ann\u00e9e. Tout le monde semble ressentir le pincement entre les deux.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Le 15 d\u00e9cembre, le pr\u00e9sident de la R\u00e9serve f\u00e9d\u00e9rale am\u00e9ricaine, Jerome Powell, a r\u00e9orient\u00e9 la lutte contre la pand\u00e9mie vers la lutte contre l&#8217;inflation, un signal fort que l&#8217;inflation est plus persistante et plus \u00e9lev\u00e9e qu&#8217;initialement pr\u00e9vu. Sous l&#8217;effet des forces de l&#8217;offre et de la demande, l&#8217;inflation pourrait bien se maintenir.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Tout d&#8217;abord, la perturbation continue de la cha\u00eene d&#8217;approvisionnement caus\u00e9e par la pand\u00e9mie cr\u00e9e une demande exc\u00e9dentaire par rapport \u00e0 l&#8217;offre de biens disponibles. Cette question est complexe et globale. L&#8217;interd\u00e9pendance de nos \u00e9conomies montre ici ses limites et la d\u00e9faillance d&#8217;un acteur a des cons\u00e9quences consid\u00e9rables. Deuxi\u00e8mement, la volont\u00e9 politique d&#8217;autonomie nationale (illustr\u00e9e par l&#8217;augmentation des droits de douane initi\u00e9e par l&#8217;administration Trump, poursuivie par Biden ou par le Brexit en Europe) a essentiellement coup\u00e9 nos \u00e9conomies d\u00e9velopp\u00e9es des sources de main-d&#8217;\u0153uvre des pays \u00e0 faible co\u00fbt. Troisi\u00e8mement, la p\u00e9nurie de main-d&#8217;\u0153uvre aux \u00c9tats-Unis. Le faible taux de ch\u00f4mage peut cacher une sombre r\u00e9alit\u00e9 : 10,4 millions de postes de travail sont actuellement vacants. L&#8217;abondance des programmes de subventions en cas de pand\u00e9mie, la &#8220;grande d\u00e9mission&#8221; ont contribu\u00e9 \u00e0 une distorsion sans pr\u00e9c\u00e9dent entre le nombre d&#8217;offres d&#8217;emploi et le nombre de demandeurs d&#8217;emploi. Tous ces facteurs combin\u00e9s g\u00e9n\u00e8rent de fortes pressions inflationnistes qu&#8217;il n&#8217;est pas facile d&#8217;endiguer.<\/div>\n<div><\/div>\n<div>En revanche, et contrairement \u00e0 ce qui s&#8217;est pass\u00e9 dans les ann\u00e9es 70 et au d\u00e9but des ann\u00e9es 80, nous ne parlons pas de &#8220;stagflation&#8221;. Les pr\u00e9visions de croissance restent solides, le taux de ch\u00f4mage est faible et les programmes de relance sont arriv\u00e9s \u00e0 leur terme. Avec la FACC, nous aurons l&#8217;occasion, au cours de l&#8217;ann\u00e9e 2022, de d\u00e9velopper certains de ces sujets et de partager nos exp\u00e9riences respectives en mati\u00e8re de gestion de ces d\u00e9fis. N&#8217;oubliez pas de renouveler votre adh\u00e9sion et rejoignez-nous si vous \u00eates nouveau dans notre communaut\u00e9 !<\/div>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-204250-ea2f7e98acf3c7df3b2a9094fb926df7\">\n#top .hr.hr-invisible.av-204250-ea2f7e98acf3c7df3b2a9094fb926df7{\nheight:25px;\n}\n<\/style>\n<div  class='hr av-204250-ea2f7e98acf3c7df3b2a9094fb926df7 hr-invisible  avia-builder-el-9  el_after_av_textblock  el_before_av_textblock '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n<section  class='av_textblock_section av-l4p2oz03-a2957ea9763780b54bdfbfaab70ce5d1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock'  itemprop=\"text\" ><div><\/div>\n<div><\/div>\n<h3><strong>C\u00e9dric Ballarin<\/strong><\/h3>\n<div><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/files.constantcontact.com\/d7f0f7cb001\/37a895de-33b2-42cb-b110-2bfe1373767a.jpg?rdr=true\" alt=\"\" width=\"110\" height=\"50\"><\/div>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box av-l4qh2bzz-f0bb16f41400dd8dc398f844985004d1 av-social-sharing-box-default  avia-builder-el-11  el_after_av_textblock  avia-builder-el-last  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Partager cette entr\u00e9e<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-facebook avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Partager sur Facebook\" href='https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.faccmi.org\/fr\/mot-du-president-janvier-2022\/&#038;t=Mot%20du%20Pr%C3%A9sident%20Janvier%202022' data-av_icon='\ue8f3' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Partager sur Facebook'><span class='avia_hidden_link_text'>Partager sur Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Partager sur X\" href='https:\/\/twitter.com\/share?text=Mot%20du%20Pr%C3%A9sident%20Janvier%202022&#038;url=https:\/\/www.faccmi.org\/fr\/?p=5227' data-av_icon='\ue932' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Partager sur X'><span class='avia_hidden_link_text'>Partager sur X<\/span><\/a><\/li><li class='av-share-link av-social-link-linkedin avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Partager sur LinkedIn\" href='https:\/\/linkedin.com\/shareArticle?mini=true&#038;title=Mot%20du%20Pr%C3%A9sident%20Janvier%202022&#038;url=https:\/\/www.faccmi.org\/fr\/mot-du-president-janvier-2022\/' data-av_icon='\ue8fc' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Partager sur LinkedIn'><span class='avia_hidden_link_text'>Partager sur LinkedIn<\/span><\/a><\/li><li class='av-share-link av-social-link-mail avia_social_iconfont' ><a  aria-label=\"Partager par Mail\" href='mailto:?subject=Mot%20du%20Pr%C3%A9sident%20Janvier%202022&#038;body=https:\/\/www.faccmi.org\/fr\/mot-du-president-janvier-2022\/' data-av_icon='\ue805' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Partager par Mail'><span class='avia_hidden_link_text'>Partager par Mail<\/span><\/a><\/li><\/ul><\/div><\/div><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":4,"featured_media":4301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[204],"tags":[],"class_list":["post-5227","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mot-du-president-fr"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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