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.
President Glapiński: we are starting work on a national cash security strategy
“The measures undertaken by NBP during the pandemic have helped to limit the fall in GDP in Poland this year and will support the recovery in activity in 2021. According to NBP experts the easing of monetary policy will...
The great exodus from Central and Eastern Europe
The population of the “new” member states of the European Union has shrunk by as many as 2.1 million people since 2004. During the analyzed period of 16 years, approximately 80.4 million people from the countries of...
IMF: Sustainable GDP growth only after overcoming the pandemic
The International Monetary Fund in its autumn projections seems to invariably envisage a V-shaped recovery, as it expects global GDP to grow by 5.2 per cent in 2021 following the 4.4 per cent decline in 2020. And yet never...
President of NBP: the banking system is functioning in a stable manner and will continue to do so
“NBP analyses show that despite the huge scale of the shock during the pandemic, the losses and the uncertainty, the banking system as a whole is functioning and will function in a stable manner,” assured the President...
Assessment of Europe 2020 strategy
By the end of the 1990s, the EU focused on modern sources of economic growth, which were largely based on investments in R&D and education. The key motives came from the challenges of globalization processes and the new...
The Troika changes its mind
International Monetary Fund (IMF) calls to increase public investment to boost the recovery. The European Commission, World Bank and OECD representatives are saying the same. There is a change in the opinions of Troika and...
Gold is back in favor
Gold has once again become a safe haven for investors. However, a return to the gold standard is a scenario that is unlikely to materialize – says Krishan Gopaul, Market Intelligence Analyst at the World Gold Council...
The mandates of central banks
One of the fundamental issues related to the activity of central banks is the wording and the meaning of their mandates. A thorough examination of these mandates is important and should enable us to assess the validity of...
Despite the crisis central banks must remain independent
In October 2020, central bankers from the Western Balkans discussed monetary policies and financial stability in the COVID-19 era, as well as the financial sector's response to the corona crisis during their meeting in...
Germany still divided
After 30 years since the German reunification, the five former east German states still lag behind their western neighbors in terms of GDP per capita and in several other economic indicators. The hopes are that the...