January 10, 2023
According to predictions from international organizations and credit rating agencies, the slowdown in growth and inflation will be the two major events that shape the European and Greek economies in the coming year, according to greekcitytimes.com. The coronavirus’s effects on the supply chain and the subsequent rise in demand caused inflationary pressures to first become noticeable in the summer of 2021. However, after the commencement of the Ukraine War and the ensuing energy crisis, these pressures gained additional pace.
International organizations and credit rating agencies predict that the two key events that will shape the European and Greek economies in the coming year are a slowdown in growth and an increase in inflation. For more information, visit greekcitytimes.com. Following the start of the war in Ukraine and the ensuing energy crisis, inflationary pressures—which had already begun to build since the summer of 2021 as a result of the coronavirus’s difficulties with the supply chain and the rise in demand—gained fresh impetus.
Source: Tornownews
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