The hidden public debt is important for the sustainability of public finances, both in Poland and in the world. The latest financial crisis and expanding a scope of state responsibilities have contributed to the global increase in this type of debt.
Most countries of Western Europe used various types of austerity programs aimed at reducing the budget deficit in order to get out of economic trouble. Professor Alberto Alesina, an economist from Harvard University, examined which of these measures worked best.
The Warsaw Stock Exchange (WSE) has announced the launch of a private market based on a blockchain. It has a chance to be in the avant-garde of the blockchain revolution as most of the capital markets have taken a rather cautious approach to this technology.
The chances for the Asian Infrastructure Investment Bank (AIIB) to pursue infrastructure investments in Poland appear to be rather slim. Its possible involvement could aim at closing any financing gaps or attracting private capital.
The lower inflow of foreign investments decreased the foreign value added in Polish exports. Given the nature of Poland's surplus in trade in services this trend may continue in the coming years and the share of domestic value added will grow.
Fintech companies have made considerable progress in promoting financial inclusion through new business models and products. Incomplete or inadequate access to financial services is a problem faced by a large part of the population around the world.