Tag: GDP growth
If Poland continues catching up with Western Europe at a similar pace as now it could enter the group of the 20 most affluent countries in the world, the G20, before 2030 – says Piotr Arak, the Director of the Polish Economic Institute.
The latest reports of international institutions, investment banks and rating agencies include warnings about a possible global recession and financial crisis. However, the field of economics doesn't have a methodology that would allow it to accurately predict when this will happen.
Everyone who drives a car is able to enjoy great roads, but this pleasure comes at a certain cost. There are measures confirming that road construction costs are lower than the benefits, while investments in motorways provide a strong boost to the economy.
Croatia slowly begins to understand that relying on a single sector, such as tourism, is not the best formula for a sustainable development. The share of industry exports in total Croatian exports is among the lowest within the new EU member states.