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...
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.
There is a growing number of signals indicating that after several years of marching towards the West, the Ukrainian economy is now making a turn to the East. In 2019, Russia ranked the third on the list of countries whose...
So far, the global economy has been suffering chiefly as a consequence of an economic standstill in China triggered by the outbreak of coronavirus. However, the situation could get far worse. At least two alternative scenarios...
After the spread of coronavirus caused a sudden drop in demand for oil, major oil countries, led by Saudi Arabia, came up with a plan to prevent further fall in prices. However, those plans were hindered by Russia whose economy...
Many analysts believe that the Russian economy has reached a dead end. The crisis is deepening and experts agree that with the existing internal and external conditions the current growth potential of the Russian economy does not...
The Ukrainian central bank’s recently published report on the country’s financial stability provides an overview of the current condition of Ukraine’s economy in a nutshell. The financial standing of households and...
After a year of panicky anticipation of a new recession scheduled for 2020 in Europe, on the brink of this fateful year, when only a little more patience had to be tolerated for a new economic drive, the consensus among...
Russia’s refusal to extend its USD multi-billion energy subsidies to Belarus since the start of this year, as well as its reluctance to retain the previous level of credit support to its neighbor, will likely put Minsk’s...
Last August, a report by the Warsaw School of Economics (SGH) argued that if Poland maintains the economic growth rate it enjoyed in 1990-2018, it will catch up with Germany in 21 years' time. Poland’s fast, stable growth rate...