The latest reports of international institutions, investment banks and rating agencies include warnings about a possible global recession and financial crisis. However, the field of economics doesn't have a methodology that would allow it to accurately predict when this will happen.
Hard Brexit could lead to food, fuel and medicine shortages in the United Kingdom, as well as create a hard border between Northern Ireland and the Republic of Ireland. This doesn't bode well for the European Union either.
Since 1990, Poland has adopted almost all possible exchange rate regimes, starting with a fixed rate, through a crawling peg, and finally a free floating rate.
The banking sector is facing another revolution — the competition of global corporations, such as Facebook, Google, Amazon, Apple, and Alibaba. Their strength will force banks to restructure, but it may also push some of them out of business.
Public retirement pension systems were originally developed in Europe in the late 19th century. However, in the 21st century demographic trends are putting the pension systems under threat.
The year 2019 marks the 20th anniversary of creation of the Eurozone, so this is a good opportunity to look at the benefits and losses that the single currency has brought to the European Union.
Experts from the European Commission (EC) judge that the economy of the European Union (EU) reached the peak of the business cycle in 2017. In the two subsequent years there will be a slowdown, but not a recession.
The European Union is the largest single market in the world, governed by uniform rules set out in the directives and regulations. However, the interpretation of these rules is determined by the EU bureaucracy.
The sanctions imposed on Russia by the Unites States, Canada, Norway and other Western countries, following the occupation of Crimea, did not in principle prevent the maintenance and expansion of economic relations between Russia and the individual EU member states.
The issue of wage levels and income inequality is becoming hot topic in discussions concerning the Polish economy. International comparisons indicate that average wages in Poland are higher than what would be expected on the basis of the GDP per capita levels.