In spite of another wave of the pandemic and the continued shutdown of many of the EU’s major economies, Poland’s return to its pre-pandemic GDP levels will already be possible in early 2022, Beata Javorcik, EBRD’s Chief...
In conditions of a global recession caused by the coronavirus pandemic, massive fiscal deficits and rising public debt levels have become unavoidable. However, the size of those deficits may prove insufficient – also because of...
For a sample of 33 countries with data stretching back to the 13th century, a pandemic killing 1% of the population raises GDP per capita by 0.3% after almost 20 years.
International 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 other...
According to official data, during the first month of the pandemic approximately 400K economic migrants returned to Ukraine. The biggest group of Ukrainian migrant workers, reaching 180K, came back from Poland.
“In the period from March 16th to the end of September NBP injected PLN158bn (approx. EUR 35bn) into the Polish banking system. This corresponds to approximately 7 per cent of Poland’s GDP – said Adam Glapiński, the...
It's hard to believe that at the beginning of this year Germany was wondering what to do with its budget surplus. The “black zero” policy, which basically boils down to maintaining balanced budgets, was still popular.
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 in the...
The World Bank has warned that the COVID-19 pandemic will have "severe consequences" for the economies of the Western Balkans and that recovery will depend on measures taken by the authorities.
Russia’s decision to cut credit support to the Belarusian government as of the beginning of 2020 has forced Minsk to turn to the EU and international lenders for urgent financial support during the coronavirus crisis.