Over the past 10 years, the Bulgarian economy has changed dramatically. The manufacturing sector is gradually shifting towards higher value added production. The number of employed in traditional industries, for instance the clothing industry and furniture manufacturing, has dropped significantly.
This month, Slovak economy unpleasantly surprised the Slovak government, when the newly released economic numbers showed a relatively significant drop in the growth rate of the economy compared with the earlier expectations.
Year 2016 in Ukraine became a year of starting on the economic recovery path. Real GDP growth in 2016 is estimated at 1.4%. It was supported by higher domestic demand. In particular, real private final consumption increased due to higher disposable income primarily attributed to increase in wage income.
While it might be too harsh to say that Hungary was near bankrupcy in 2010, or when it was put in the junk category in 2014 we could argue that it was only an overreaction of the market. Still, it would be wrong to say that ’Hungary is doing better’, especially on the regional level.
The fiscal position of the Government remains comparatively strong. The Government is expected to continue reforms implementation, which would also result in additional support by official international donors. Overall, real GDP is expected to grow by 1.7% in 2016.
Here we go again, straight into the old debate as to from what the poor benefit more: growth or redistribution. It has been rekindled by the near simultaneous appearance of two books written by Indian economists.
“Ambiguities and differences in individual countries’ opinions about financial regulation setting are so enormous that the recent situation could be marked as worse than before.”
The effectiveness of European structural and cohesion funds (SCF) has long been a contradictory topic, both for European institutions and researchers. This matter is particularly interesting for in-depth exploration, because of the lack of unambiguous evidence regarding the effect of these funds on beneficiary regions and countries. Four countries (Spain, Italy, Portugal and Greece) have remained the main beneficiaries of SCF since 1989; however, data on GDP growth and labour markets in these countries is…