
Election the game changer: from waste to wealth?
The transparency in public finance is key for better controlling public spending: with 5.5-6% of GDP Warsaw has the highest deficit in the EU.
The transparency in public finance is key for better controlling public spending: with 5.5-6% of GDP Warsaw has the highest deficit in the EU.
CBDC aren’t necessary, digitalization and ease are already here. What’s missing is a competitive free market transmission mechanism.
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
Thanks to the combination of fiscal and monetary intervention, the structural problems on the supply side will only be exacerbated by monetary tightening.
The core inflation is expected to remain elevated due to the non-competitive wage growth affecting both demand and costs in the price-setting process.
Poland’s central bank lowered interest rates despite inflation standing at 10%. The zloty immediately lost value against the dollar and the euro.
Inflation will close to 9%, while the low estimates of competitiveness in Germany and Finland deepen the economic uncertainty.
Vilnius’ economy is predicted to slightly contract this year (-1.4%) before bouncing back (+2.9%) – as long as the focus is on innovation and productivity.
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
Poland raises spending on defence, health, social benefits, and public-sector pay: all money supply that sets an exchange of nothing for something.