Polish exports react to Covid thanks to green FDI
Last year Poland recorded current account surpluses in each month, accounting for 18.4 billion euros. But retail sales fell 6.0% YoY in January.
Last year Poland recorded current account surpluses in each month, accounting for 18.4 billion euros. But retail sales fell 6.0% YoY in January.
The lack of investment weighs on real prospects and opportunities in the medium to long term, as private investment has been below the EU average for years.
Great hope is placed on the active contributions of ICT technologies, where growth in Latvian industry this year could reach 3-4%.
There are no adequate financial instruments in Lithuania or they are not flexible enough: Vilnius must seek finance sustainable areas more quickly.
Digitalisation is a tool to simplify life: at the heart it’s the trust in the institutions and the conviction that everyone will reap its benefits.
Private consumption will remain strong thanks to rising incomes, pension indexation, higher minimum wages and a vibrant labour market.
Latvian GDP growth fell by -9.2% and the current account deficit is on the rise. Loans to the private sector are held back by an extensive informal sector.
EU leaders have reached a compromise to unlock the €1.8 tn Recovery Fund: any sanction could only start after approval by the EU Court of Justice.
Brussels is ready to endorse the alternatives and proceed without Warsaw and Budapest, whose subsidies are estimated at 3% of GDP.
Tallinn’s GDP will fall by 4.5%, while in 2021-22 will recover with the rebound in private consumption and investment. Public debt remains the lowest in the EU.