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The European Union will not skimp on combating the crisis
Marek PielachThe European Commission (EC) prepared an economic reconstruction fund. On top of the EUR500bn in grants, the EC have added the EUR250bn in loans. This means that the total value of the fund will reach EUR750bn, which is a...
Croatia got the green light from the EC to join the ERM II
Jan MuśThe Croatian government plans to make another step towards joining the Eurozone in the second half of 2020, following few exercises recently carried out by the European Central Bank and the relevant Croatian authorities.
The Ukrainian central bank’s reserves grew rapidly
Michał KozakThe Ukrainian central bank (NBU) announced that its reserves had reached a record level. In February, it forecast that they could rise up to the USD32bn by the end of 2022. But the pandemic raises a question whether the NBU...
An unprecedented crisis and an unprecedented policy response
Anna Dobrzańska, Magdalena KozińskaIn contrast to the global financial crisis, the objective of the current rescue measures is to support the enterprise sector. However, in the event of a protracted pandemic emergency the effects of the economic downturn will...
Recessions can be alleviated, but we need to act quickly
Sebastian StodolakThe history of economics does not provide any knowledge about crises like the one we are going through now. But it can teach us how to act quickly and decisively, says Professor Todd Knoop, macroeconomist at the Cornell...
The world after the pandemic will be the same as before
Jan CipiurIf the situation were to ultimately turn out like in the case of the 14th century plague, then anything we could write now would be nothing but idle talk. However, there is a chance that after the current pandemic we will...
Belarus faces limits in its hunt for EU and IMF money
Sergei KuznetsovRussia’s decision to cut credit support to the Belarusian government as of the beginning of 2020 has forced Minsk to turn to the EU and international lenders for urgent financial support during the coronavirus crisis.
A pandemic problem with accurate macroeconomic forecasts
Jarosław JaneckiPandemics are nothing new in the history of human kind. They differ from global economic crises in many ways. Any economic forecasts prepared during a pandemic, including those referring to the shortest possible periods of...
The Ukraine’s population is lower than previously believed
Michał KozakThe population of Ukraine is lower by nearly 5 million people than the previously reported figures, which were used in recent years for economic planning and analyses. The new data indicate that it will be necessary to...
No one knows how long this crisis will last
Sebastian Stodolak“The longer the lockdown lasts, the more likely it is that there will be changes in consumer tastes, changes to production techniques and supply chains, and we will build more capacity for emergencies into health...