The global financial crisis took economists, financiers and politicians by surprise, even though it should not have. The levels of household, government and corporate debt were soaring. But we knew how to alleviate the crisis....
France, Poland, and Denmark have proposed barring companies that are based in tax havens from receiving bailouts linked to financial problems caused by the coronavirus. However, according to the European Commission the bans...
Air carriers are requesting state aid from their national governments in order to be able to ride out the slump and the hunt for bailouts is now starting to pick up pace. IATA predicts airlines losses at USD314bn in 2020.
Second online meeting of Eurozone’s finance ministers ended in a stalemate. Although a plan for a COVID-19-related rescue package has already been proposed, a lack of unity among member states has prevented its implementation....
Remote working was a sign of the age of universal internet and social media. In the USA, the number of people working remotely has increased by 159 per cent in the recent 15 years. However, no one expected that remote work would...
The case is simple. No traffic, no money. Sooner or later it will turn out how much money is missing, and then it is going to be even worse. Epidemics and pandemics have a very bad effect on humankind, and most of all on...
Fitch expects Poland’s economic growth to ease to 1.8 per cent in 2020 from a previous forecast of 3.3 per cent. A V-shaped recovery should follow in 2021, however, with the economy expanding 3.2 per cent driven by personal...
New expansionary monetary and fiscal policies have been introduced in Poland to deal with the crisis due to the COVID-19, but with limited fiscal space a key question is how much the currency may depreciate.
The COVID-19 epidemic has mercilessly exposed the weaknesses in the supply chains of many large enterprises. However, in recent years there have been other cases that should have prompted the companies to change.
As Covid-19 spreads, causing more countries to take counter-measures, Central and Southeast Europe is no exception. ING’s latest report said that collectively it is downgrading the 2020 GDP outlook on the back of virus fears.