New Challenges for the Greek Economy Due to Middle East Crisis

The Greek economy faces new challenges due to the crisis in the Middle East, with rising energy prices and concerns about inflation. The price of oil has exceeded $83, and natural gas has increased by over 50% on the Amsterdam Stock Exchange.

Oil transportation costs have also increased due to restrictions in the Persian Gulf. This is expected to be passed on to final product prices, affecting households and purchasing power.

The government states it is ready to take support measures, such as those implemented in 2022, if the situation worsens. However, plans for future benefits may be overturned.

Despite the challenges, there is cautious optimism that the effects are manageable and that tourism may not be negatively affected. However, the possibility of de-escalating inflation is uncertain.