Greece Revises 2026 Forecasts Down as Oil Prices Surge, Rates Rise

Thursday, 30 April 2026/: Flashnews/1

Greece's Ministry of Finance has revised its macroeconomic forecasts for 2026, based on a scenario where Brent crude oil reaches $89.40 per barrel alongside higher interest rates. The updated projections, submitted in a progress report to the European Commission, reflect a more cautious economic outlook than previously expected. For tourists visiting Crete, this shift in economic conditions may translate into slightly higher fuel prices at petrol stations, which could affect car rental costs and the price of boat excursions that rely on diesel. Ferry ticket prices and organised tours may also see incremental increases. Budget-conscious visitors planning trips later in 2026 are advised to book transport and tours early to lock in current rates. Day-to-day costs for accommodation, food, and local services are unlikely to be significantly affected in the short term.