Some respected economists identified the issue of consolidation in public budget already in 2022 as a third-order problem. From an analytical point of view, he is, of course, right. A one-year deficit of 10% of GDP is nothing compared to a permanent two to five per cent deficit in the pension system with a declining workforce.
The year 2000 was challenging not only for the global economy, but also for economists. They were also hit by the crisis: economic forecasts vanished within a day. However, the need to assess the economic situation and likely scenarios of economic development remained.
In recent months, many countries have introduced enormous stimulus packages to help their economies overcome the devastation caused by the COVID-19 crisis. In Germany, the government made available emergency funds, created sector-specific relief programmes, and implemented demand stimulus measures such as a temporary reduction in the sales tax rate.
Civil Development Forum (FOR) presents the fourth report on the crisis of the rule of law in Poland. This part deals with the restoration of the rule of law, reversal of Law and Justice’s policies and reforms of the justice system that are needed in the future.
The crisis of the rule of law in Poland endangers the proper functioning of the international organizations Poland belongs to. That risk depends directly on the level and scope of integration and the importance of mutual commitments.
The Slovak agricultural sector suffers from several problems that hinder the competitiveness of farmers: complicated land ownership, due to which (young) farmers cannot access fields, an unpredictable business environment and bureaucracy and, last but not least, lack of investment in capital equipment.
COVID-19 reached Poland a few weeks later than Western Europe, to which the Polish government responded promptly by introducing a nation-wide lockdown. Administrative restrictions to constrain the spread of the virus coupled with reactions of wary consumers led to economic disruptions.
Georgia is becoming, once again, a country to be watched by those of us who value liberty and the expansion of freedom and prosperity. Back in the fall and winter of 2019, there was little news about Georgia in the European and Central European media. There were a few political and economic developments – such as the international indexes (on economic freedom, by the Fraser Institute, and on ease of doing business) and an interview…
During the last few months, we have seen countless articles written on certain aspects of the COVID-19 pandemic. Eeven people who do not normally follow world news are knowledgeable in the virus policy of certain countries.