Central and Eastern Europe
Emerging markets vulnerability heatmap
The emerging markets heatmap provides a comprehensive overview of the relative vulnerability of eighteen emerging markets. Results show that Asian countries are in...
European Summit: Agreement on recovery fund and multiannual financial framework
European leaders met to discuss the European recovery fund and the multiannual financial framework. The chances of a deal seemed to diminish when tensions rose, but in...
Money printing: First, do no harm
Can we just print extra money to tackle the corona crisis? We conclude that only seven (!) countries in the world meet our proposed MMT criteria: leaving aside the US...
Global economic outlook: Recession in the US will be temporary, but slow growth in Germany is structural
We expect the global economy in 2020 and 2021 to show the slowest rate of growth since the financial crisis. This is mainly because the global economy is reaching the...
The WTO dispute settlement crisis. Back to the GATT regime?
Since 2017 the US has blocked the appointment of new members of WTO’s Appellate Body, which per 11 December is unable to fulfil its tasks. Consequently, trade disputes...
Global economic outlook: Risk of a global recession has risen
Our growth forecasts for the global economy have been revised downwards. The risk of a global recession has risen. In addition, a continued period of low interest...