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GreekReporter.com Business Greek Exports Show Signs of Standing Strong Against Global Turmoil

Greek Exports Show Signs of Standing Strong Against Global Turmoil

Greek exports have shown signs of withstanding external pressure and the economic and political turmoil that characterizes today’s global economy.
This was obvious according to the latest figures available concerning the country’s exports for 2019, as published recently by the Panhellenic Exporters’ Association (PEA).
Despite the November and December decline, which occurred primarily due to turmoil in the petroleum market, Greek exports reached €33.80 billion in 2019, a healthy figure for a country which so recently emerged from a long and painful economic crisis.
According to the PEA, the uncertainty over international developments, with a focus on igniting tensions in the Middle East, as well as the Brexit issue, are the main factors of concern for international markets.
The slightly disappointing November and December results may be temporary and focused on a specific sector of the economy, namely petroleum; however, initiatives are necessary on behalf of the state to support all those financial sectors that continue to keep the Greek export market thriving.

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