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.
In mid-March 2020, in light of the Covid-19 pandemic, the almost complete government paralysis of economic activities put most of the economy of Bosnia and Herzegovina (B&H) into hibernation.
While many countries in the CEE region have had a recent experience of a successful economic transformation, few are doing great in preparation for the new wave of the industrial revolution.
I keep hearing news about yet another ambulance with COVID-19 patients driving around between hospitals looking for beds, the lack of a basic coordination system for allocating patients to hospitals, and I really have the impression that Poles live in some surreal, tragic reality.
Let’s look at the data – the results of this year’s Economics Olympiad organized by INESS, with over 6,500 high school students involved. We introduce 10 key findings concerning economic skills of the youth in Slovakia.
Economic time series exhibit periodically recurrent movements at the daily, weekly, and monthly levels. Also known as seasonality, it has been usually treated as a nuisance to be removed prior to analysis. Often, data is already deseasonalised by data providers since it distracts from medium-term time trends and long-term cycles. Moreover, seasonality disappears when data are aggregated to a yearly basis – it is a phenomenon at work at shorter time frames. It is an…
The European Commission has announced its proposal for a recovery plan with a total budget of 750 billion euros, called Next Generation EU. It is based on the new Instrument for Recovery and Sustainability, with a proposed resource of EUR 560 billion.
The European Commission has proposed to make EUR 750 billion available as a joint fund to be borne by the EU for the recovery of Member States whose economies have been severely damaged by the COVID-19 crisis.
The story of Georgia should be an example to all developing nations that any country with the will to do so can take charge of its own tax system and, without the aide or interference of international organizations, create the conditions for economic growth and prosperity.
The COVID-19 pandemic has already inflicted severe damage on the Ukrainian economy despite relatively mild public health implications so far. The number of new COVID-19 cases seems to have stabilized over the last few weeks.
