Germany sank into a technical recession in the Q2’19, its GDP fell 0.1 per cent. It worries most of the Western Balkan countries, as they depend on German economy.
Last year, 14 per cent of Lithuania's exports went to Russia, the largest share among the country's other importers. Latvia is Lithuania's second biggest trade partner, followed by Poland and Germany.
“The best income is earned at the beginning of a product’s origin, the medium, i.e. production, is the least attractive. Poland is right in the middle,” said Michał Gradzewicz, PhD, and Jakub Mućk, PhD.
In the conditions of weakening international trade, the increase in sales to Germany proved to have a positive impact on the growth of Polish exports in 2018. This was largely due to factors not related to demand.
Each of the Brexit options, starting from a soft Brexit, and ending with a hard one, is ultimately a choice between the lesser of two evils.
In recent years, the participation of Polish enterprises in international value chains has been high, and a rising proportion of value added generated in Poland is being used in other countries’ exports.
The downturn in the automotive market has contributed to a slowdown in the European economy. This is affecting the German car industry and its suppliers, mainly from Central and Southeast Europe (CSE).
The forecasts for the growth of the Ukrainian economy are being revised downward. At best the country is facing stagnation this year, and at worst – an economic collapse.
In the past 25 years, exports played an almost dominant role in the economic growth of the Central and Southeast Europe (CSE). In this period Poland strengthened its role as an exporter of intermediate goods.
According to the world-renowned Stockholm International Peace Research Institute (SIPRI) Russian exports of major arms decreased by 17 per cent between 2009-13 and 2014-18.