- Obserwator Finansowy
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Articles in English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and commentators. Our mission is to foster deeper knowledge of economics and financial markets in the world. Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum. In this section you can find selected articles in English.
The world after the pandemic will be the same as before
If the situation were to ultimately turn out like in the case of the 14th century plague, then anything we could write now would be nothing but idle talk. However, there is a chance that after the current pandemic we will...
Belarus faces limits in its hunt for EU and IMF money
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.
A pandemic problem with accurate macroeconomic forecasts
Pandemics are nothing new in the history of human kind. They differ from global economic crises in many ways. Any economic forecasts prepared during a pandemic, including those referring to the shortest possible periods of...
The Ukraine’s population is lower than previously believed
The population of Ukraine is lower by nearly 5 million people than the previously reported figures, which were used in recent years for economic planning and analyses. The new data indicate that it will be necessary to...
No one knows how long this crisis will last
“The longer the lockdown lasts, the more likely it is that there will be changes in consumer tastes, changes to production techniques and supply chains, and we will build more capacity for emergencies into health...
How will the recession look like?
In the Q1’20, the economy of the European Union and the Eurozone has recorded the biggest decline since 1995, reflecting the introduction of measures to combat COVID 19, Eurostat reported. The seasonally adjusted GDP of...
The problem of state aid in a common market
As the EU member states imposed restrictions to protect their citizens from the COVID-19 virus, many businesses across the continent took a strong economic hit. To help with their struggle, EU temporarily loosened...
What will be the shape of the crisis recovery?
A recession is now inevitable. But it will be followed by a quick recovery? The optimists are hoping for a V-shaped recovery, but it can be a little less vigorous, can require a fiscal and monetary stimulus and take a...
International trade in services is slowing down
A significant slowdown in the Polish trade growth in services has been already observed by the end of 2019. The Q4’19 results have been one of the weakest recorded since the end of the global financial crisis The current...
Coronavirus tsunami hits the Ukrainian economy
The lockdown restrictions and the state of emergency declared by the Ukrainian government are ravaging the already faltering economy of Ukraine. At the end of March 2020, Ukrainian Prime Minister Denys Shmyhal presented a...