For well over a decade, governments in the developed countries have been borrowing at very low interest rates, sometimes even at negative rates. This is going to end, and probably for a long while.
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...
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...
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.
Global public debt will increase this year from 83.3 per cent to 96.4 per cent of the GDP as a result of the coronavirus pandemic. The increase in debt levels will be the strongest in the most developed countries, which are...
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...
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...
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...
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.
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.