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 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...
Polish banks are well prepared for the consequences of the pandemic
“The current crisis is a crisis of the real economy, which may turn into a banking crisis, but doesn’t have to. Fortunately, the Polish banks are well prepared, with high capital buffers, which will help to absorb the...
Saving the environment will help fighting the coronavirus crisis
In light of the coronavirus crisis our environmental challenges can be approached in two ways. Delaying implementing ecological solutions or implementing them immediately as a tool to fight the economic crisis.
In Europe ultimate beneficial owners are still mainly hidden
Following a series of money-laundering scandals the European Commission is stepping up in the fight against financial crime. Warning of gaps and weaknesses in national AML systems, it calls for a unified, European approach...
Fashion industry: the Emperor’s New Clothes
The fashion world, including the clothing industry, is undergoing profound changes, and the crisis will only deepen the previously observed negative trends. The entire value chain is being rebuilt due to the expected changes...
US-Ukraine gas plans could put Warsaw in pole position
In May, the Ukrainian government preliminarily approved the text of a memorandum on the prospects for importing liquefied natural gas (LNG) from the US. The agreement envisages supplies of 5.5 billion cubic meters (bcm) of...
The gold rush
In the last weeks, prices of gold rose to near-eight-year highs, fueled by new cases of COVID-19 that are dampening hopes for a speedy economic recovery. In the physical market, the price of an ounce of gold increased to the...