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.
The IMF is fighting the crisis caused by COVID-19
As an institution established to support the stability of the world economy, the International Monetary Fund (IMF) is exhibiting a strong commitment to combatting the economic and social consequences of the coronavirus...
Can Europe survive without foreign workers?
The coronavirus shock in the first phase of the crisis caused various types of imbalances in the markets of goods, services, property and labor. Unravelling these imbalances requires time to adjust but some countries don’t...
The wealthier the country, the more debt it will incur
Global public debt will increase this year from 83.3 per cent to 96.4 per cent of the GDP as a result of the coronavirus pandemic. The increase in debt levels will be the strongest in the most developed countries, which are...
A quantitative easing policy tailored to the local needs
The EU is looking for ways to respond to the crisis caused by the pandemic, but the Eurozone is still far from becoming a fiscal union. In crisis Poland should be happy to be outside the Eurozone and to have independent...
Trade with the EU peripheries. Call for reconstruction.
The relations between the EU and the Western Balkans have been based on wrong assumptions that the liberalization of trade between the two blocks will solve the problems of the latter. The scenario, which was so successful...
Central bankers: economic recovery will take years
March and April 2020 will go in history as months with historically weak economic indicators. The representatives of the Fed and the ECB believe that the worst is behind us, but they are concerned that we may not return to...
Slovenia faces crisis with CA surplus
In a published quarterly report on the current account Slovenia’s central bank provides some apparently optimistic numbers. And so between January and April 2020, Slovenia’s current account surplus amounted to EUR1.1bn,...
German EU presidency
In the second half of 2020, Germany holds the presidency of the Council of the European Union. Many Europeans believe Berlin will be successful in managing the forthcoming economic crisis, while others see hegemonic power in...
Quantitative Easing — not as bad as it’s made out to be
The program of asset purchases by Poland’s central bank is generating some controversy. However, many of these concerns seem to be unwarranted, especially in light of the experience of other countries, which have used...
A new Marshall Plan for Europe
The European Commission (EC) is expecting a considerable decline in GDP in the Eurozone and in the European Union (EU). Ursula von der Leyen’s proposal of the new EU has already been described as a new “Marshall Plan”.