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Greek Economy Faces Rising Risks, Athens Chamber Says

Greek Economy Faces Rising Risks, Athens Chamber Says

Hellenic Shipping News

Greece’s economy is performing better than it did seven years ago, but

Greece’s economy is performing better than it did seven years ago, but a series of domestic and international risks could weigh on future growth, according to Ioannis Bratakos, president of the Athens Chamber of Commerce and Industry (ACCI).

Speaking at a briefing with journalists, Bratakos said economic indicators have improved, with positive growth rates, a stronger Athens Stock Exchange and higher overall economic values.

“The performance of the Greek economy today cannot be compared with where we were seven years ago,” he said.

At the same time, he said the country needs a comprehensive redesign of its production model in order to address emerging challenges. He identified geopolitical tensions, rising debt risks in Europe and the U.S., the economic impact of the climate crisis, and concerns over inflated valuations linked to artificial intelligence as key threats to economic stability. These factors, he said, underscore the need for coordinated planning to shield the economy from external shocks.

The commercial and industrial enterprises represented by the chamber account for about 50% of Greece’s gross domestic product.

Geopolitical Risks

Bratakos identified geopolitical developments as the most significant risk facing the Greek economy, pointing to the war in Ukraine and

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