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COVID-19 may hit less resilient EU eastern areas more

Location:

EU

At least in the EU’s eleven eastern member states (EU-11), there has been significant if slow progress in lifting standards of living across the board in the past decade…

Moreno eyes private sector to overcome Ecuador crisis

Location:

ECUADOR

Lockdown measures have helped stem contagion but have had a devasting impact on the economy. Market liberalisation and debt renegotiation efforts place most of the burden of…

Romania hopes to surmount virus’s expected second wave

Location:

ROMANIA

Government measures to support workers and companies seem to have worked. With closer state-corporate dialogue established, surveys and some data give grounds for measured…

Inflationary expectations threaten eastern EU recovery

Location:

EU

Supply bottlenecks and higher energy prices have driven up prices. The OECD reported 4.6% annual inflation in September, and 18.9% for energy. In the EU, annual inflation reached…

Slovakia’s response to energy crunch will need EU help

Location:

SLOVAKIA

Slovakia’s Soviet inheritance has exposed it to the massive economic fallout from the Kremlin’s full-scale aggression against Ukraine, its efforts to squeeze natural gas supplies…

War in Ukraine will deepen poverty in Central Europe

Location:

EASTERN EUROPE

Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…

Factors encouraging Lithuanians to emigrate will fall

Location:

LITHUANIA

Before COVID-19 intervened, economic growth, rising wages, the development of high-tech sectors and Brexit were encouraging immigration. In 2019, 51% of immigrants were…

Cuba will struggle to keep inflation at bay

Location:

CUBA

So far, state-sector price controls and price caps on food and private markets have prevented runaway inflation. However, producers are withholding goods or selling on the black…

South African budget prompts cheer and wider divisions

Location:

SOUTH AFRICA

However, cuts to the social grants budget and a continued focus on the planned three-year wage freeze for civil servants has annoyed (among others) the ruling ANC's ‘Tripartite…

Virus second wave will derail Greek budget forecasts

Location:

GREECE

The official baseline is for an 8.2% GDP contraction in 2020, and a 7.5% rebound in 2021. It took into account moderate restrictions on movement in winter 2020/21, but the…