The growth rate of the European economies slowed down in 2019, but mechanisms adopted by the European Union after the recent financial crisis do not indicate a build-up of macroeconomic imbalances. The situation in 13 EU member states requires an in-depth review. Poland is not among them.
“We still know too little about the scale of income and wealth inequality in Poland. Not enough Polish academics are interested in or research the subject,” argues Michał Brzeziński, PhD, an economist from the Warsaw University.
The European migration crisis of 2015-2016 is now a thing of the past. But Europe needs immigration policies. “We need to take into consideration the values and beliefs of the EU nations,” says Michael C. Burda, an economist in the Humboldt University of Berlin.
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.
Ukraine is preparing for a radical overhaul of the labor code. According to experts, the changes will cause a new wave of emigration, and Ukraine is already suffering from labor shortages and will not be able to cope without immigrants.
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.
For the very first time in the history, the average salary in the Czech Republic surpassed CZK34,000 (EUR1,316), according to the Czech Statistical Office (CSO). In the Q2’19, the average salary increased by 7.2 percent y/y.
The influx of workers from Ukraine boosts Poland's GDP by 0.3-0.9 percentage point per year, but this positive impulse won't step up anymore, predicts Jakub Growiec, an economic adviser at Poland’s central bank, NBP.
In the shadow of the Brexit saga, the European Commission presented reports on the procedure for coordinating economic policy in EU countries. In seven of them, the scale of the reduction of imbalances is unsatisfactory.