Small and medium businesses shocked by rising energy costs

The recent surge in energy costs has significantly impacted the confidence of small and medium-sized enterprises (SMEs) in the economy.

According to a survey conducted by the Directorate of Economic Affairs, there has been a notable decline in SMEs' optimism following the US and Israeli military actions in Iran.

The economic outlook among these businesses has worsened since the spring, reflecting their concerns over rising operational costs.

Many SMEs are expressing apprehension about the sustainability of their operations amid these increased expenses.

This situation underscores the broader challenges faced by SMEs in navigating fluctuating energy prices and geopolitical tensions.

Small and medium businesses shocked by rising energy costs

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