An ominous picture of inflation is outlined in a new World Bank Commodity Markets Outlook report warning that the rise in food and energy prices due to the war in Ukraine could last for several years! Prolonged inflation is knocking at our doors! International food and energy prices are expected to continue to rise throughout […]
Tag: economic crisis
The losses of the Athens Stock Exchange since the beginning of the war in Ukraine amounted to 9.3 billion euros
Since the beginning of the war, the Athens Stock Exchange has recorded a loss of 13.43% since the beginning of the war in Ukraine. Market capitalization fell by 9.345 billion euros. The Large Cap Index fell 15.0% and the Mid Cap Index fell 8.6%. The largest losses (-26.64%) were recorded in banks. However, despite everything, […]
Erdogan promises victory in the “economic war of independence”
The economic crisis has swept over Turkey. The President refers to the intrigues of external ill-wishers and reassures the population: “They have dollars, but we have a people and our Allah.” Erdogan calls the collapse of the national currency “an economic war for independence.” The President firmly promises to win in it “with the help […]
Coronavirus and rising prices
The most alarming conclusion of the socio-economic study, the data for which were obtained in the course of a survey of citizens, is the fact that 69.2% of respondents state that they have already limited the purchase of basic goods. According to the financial barometer (Οικονομικό βαρόμετρο GPO), the pandemic is being recorded as the […]
Coronavirus has crippled Greek wine exports
Greek wine exports in 2020 were significantly impacted by the global coronavirus pandemic, according to an analysis of ΕΛΣΤΑΤ data produced by the Central Cooperative Union of Wine Products (ΚΕΟΣΟΕ). The decline in the cost of wine decreased by 11.13%, last year it was 70 669 750 euros, compared with 79 517 240 euros in […]