The difference in the consumption level in Poland and the EU average is narrowing. Polish incomes are lagging behind other EU member states, but the prices are also much lower. However, Romania is catching up with the more...
In late December 2019, Eurostat released the latest data on household consumption across the European Union. Luxembourg remains the country with the highest household spending. Among member states in Central and Southeast (CSE)...
Looking in from the outside, Russians are acting irrationally. Before looking at why the Russian economy is bad it makes sense to look at a few areas of the Russian economic weather in which there is no sign of the sun.
It’s that time of year again, when the executives who spend the bulk of their time putting analyzing „the numbers” — the cash flowing into and out of company coffers — offer up their best guess about...
Last year, the International Monetary Fund introduced a new regular report called the Fiscal Monitor. It provides a lot of useful data on fiscal conditions in various countries and how they are dealing with the massive...
The Managing Director of The International Monetary Fund (IMF) at a luncheon meeting today made the following remarks: The greatest danger to the world economy in the near future is that governments and central banks may...
It seems to me that one reason why most economists and Wall Street strategists haven’t quite figured out that things are not getting better on Main Street is because they are theorists rather than empiricists. That is, they...