Beijing-based Global Times and some Western media have called the coronavirus a "black swan" — a completely unexpected phenomenon that will cause great damage to the Chinese and world economy. If the epidemic spread around the world, it could cause not only great human casualties.
The Ukrainian government has presented a strategy of economic development for the next five years, which assumes rapid GDP growth. However, if this plan is successfully implemented, then a significant part of state revenues will go to foreign creditors, as a kind of “penalty for development”.
By the end of December 2019, Serbian President Aleksandar Vučić and Prime Minister Ana Brnabić presented the Serbia 2025 program, which contains a plan of investment projects for the development of the country over the next five years.
In December 2019, Slovakia posted lowest GDP growth increase since 2013. The central European country has been affected by decreasing foreign demand. With the global slowdown of the automotive sector, experts warn of overreliance on car-production in Slovakia.
Despite the EC’s support for alternative means of transport, road transport has been increasing its share in the total structure of transport, says PwC in a report “Transport of the Future. Prospects for the development of road transport in Poland in 2020-2030”. In 2016, road transport’s...
Financial analyst James Stack predicted a collapse in the real estate market in 2008 and announced a slowdown in real estate last year. If there is a recession, there is a significant risk to property prices, said Stack in an interview with Bloomberg.
Serbia lacks investment from domestic businesses, and fixed assets are insufficient to provide stable, long-term growth. Growth in gross fixed capital formation in the H1’19 was 8.2 per cent, which was the main demand factor in stimulating the growth of GDP.
Monopolies using their market power to suppress competition and raise prices pose a genuine threat to GDP growth. They can hurt it as much as poor economic policy, says Professor Jonathan B. Baker from the American University Washington College of Law.
While the share of people working on weekends is growing in the European Union, in Poland more employees are taking the weekends off. Although, according to Eurostat, they find it more difficult to afford at least one week of holidays during the entire year.
Republic of Srpska (Republika Srpska, RS) is one of the two political entities of Bosnia and Herzegovina, the other being the Federation of Bosnia and Herzegovina. It is defined by dense forests, mountains and rivers.