The Western Balkan region is expected to enter a recession in 2020, with all six countries forecast to experience negative growth as they continue to grapple with the economic impacts of the COVID-19 pandemic. Regional growth in the Western Balkans is forecast to be between -3 and -5.6 percent, according to
Tag: crisis
Coronavirus crisis should not be compared to GFC 2008
Coronavirus crisis should not be compared to GFC 2008 Coronavirus crisis should not be compared to GFC 2008 Coronavirus crisis is having a strong impact on the world economy. What about the financial system? Is a systemic financial crisis likely, perhaps along the lines of the Global Financial Crisis (GFC) 12 years
Coronavirus in China changes the consumer behavior
Coronavirus in China changes the consumer behavior Coronavirus in China changes the consumer behavior Chloe Ni used to go to coffee shops every two days before the coronavirus outbreak. Now, she makes coffee at home, and even decided against getting an expensive Moka stove-top pot to make her daily brew. “I work in
CoVID-19: Montenegro makes ports available to Balkan countries
covid-19 : PM Markovic tells WB leaders: Closing markets and blocking resources is not European behaviour, Montenegro makes ports available to neighbours CoVID-19: PM Markovic tells WB leaders: Closing markets and blocking resources is not European behaviour, Montenegro makes ports available to neighbours Prime Minister Duško Marković spoke today with Austrian Federal Chancellor Sebastian Kurz,
Financial crisis: 10 years later
The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped
Countries With the Most Foreign Currency Reserves
European Union: Spring 2018 Economic Forecast
EU – 10 years since the start of the economic crisis
European Public Credit Rating Agency – case
2016 G20 summit in Hangzhou, China
20 leaders met in Hangzhou, China, on 4-5 September. European Council President Donald Tusk and European Commission President Jean-Claude Juncker represented the EU at the summit. The theme of this year's summit was “Towards an innovative, invigorated, interconnected and inclusive world economy”. Leaders adopted a communique focusing on: strengthening the G20 growth agenda
2016 EU budget draft – response to migrant crisis
n agreement was reached on the 2016 EU budget under extraordinary circumstances as the world witnessed the attacks in Paris. The EU institutions have taken their responsibility by concluding a deal well ahead of the deadline. Before finalising the agreement, negotiators observed a minute of silence for the victims of
EMU: Fiscal, Financial, Economic & Political Union
urope's Economic and Monetary Union (EMU) is in much better shape today than it was before the financial crisis. However, despite progress, particularly as regards reinforcement of the economic governance and the launch of the Banking Union, the EMU remains incomplete. Divergence in economic performance across the euro area is