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.
Historically high surplus in Poland’s foreign trade
Wojciech MroczekPoland’s foreign trade surplus is strengthening. However, the value of the trade exchange surplus recorded in the second quarter of 2020 is probably a one-off phenomenon, as it was driven by a strong decline in oil prices...
In 2020, we have sought security in cash
Marek PielachThe supply of banknotes and coins to the economy is currently continued without any disruption. Everything goes as usual, with no tensions of the kind we were subject to in March and April. We can therefore begin to work on...
President Glapiński: we are starting work on a national cash security strategy
Maciej Danielewicz“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
Krzysztof KutwaThe 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
Marek PielachThe 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
Maciej Danielewicz“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
Vedran ObućinaBy 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
Jakub SawulskiInternational 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
Piotr RosikGold 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
Joanna NiedźwiedzińskaOne 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...