Articles in English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.
Belarus loses access to multinational funding
The political turmoil in Belarus has closed the government’s access to loans from western multinational lenders, and made new borrowing on the international debt market extremely expensive. Moreover, from now onwards,...
The today’s collapse of foreign trade vs. the financial crisis
The COVID-19 pandemic has caused a deep decline in a foreign trade turnover. Although data on the scale of this collapse are still being collected, forecasts suggest that the decline in the volume of world trade will...
A V-shaped recovery is possible, at least for the time being
“Companies surveyed about this issue suggest that in its first stage the rebound could even be V-shaped, as we don’t see any damage to the supply side of the economy” – says Piotr Boguszewski, PhD, who is responsible...
The history of the Bank of England
So far, no one had the courage to take a look at the times when the United Kingdom was trying to find its place in the post-imperial era, because of the difficulty of this task. Finally, however, it was taken on by Professor...
COVID-19 will lead to higher unemployment in Ukraine
The lockdown measures have hurt both the Polish and the Ukrainian economy, but the strength of the impact is not the same. The long-term effects in the two countries will also be different. Unemployment may turn out to be...
Catching up with the “old” EU, but not quite there yet
The difference in the consumption level in Poland and the EU average is narrowing. Polish incomes are lagging behind other EU member states, but the prices are also much lower. However, Romania is catching up with the more...
Central banks in March – the first reaction to the pandemic
The central banks of the world’s major economies responded relatively quickly to the economic and financial threats caused by the pandemic by using several measures. The goal was to ensure the availability of preferential...
Belarus quickly depletes financial reserves
As the political crisis in Belarus increases, banks find themselves under severe pressure. With an ever growing number of people withdrawing money, the National Bank of Belarus has no choice but to sell its reserves on...
The Eurozone is increasingly indebted
It's hard to believe that at the beginning of this year Germany was wondering what to do with its budget surplus. The “black zero” policy, which basically boils down to maintaining balanced budgets, was still popular.
The Ukrainian central bank: changes in the monetary policy?
In July 2020, the former governor of the Ukrainian central bank NBU Jakiv Smoliy resigned from his position. The new head of the central bank, Kyrylo Shevchenko, has announced the continuation of the monetary policy pursued...