economy | Institute of Central Europe

Baltic Team

IEŚ Commentaries 308

Marlena Gołębiowska - Baltic Team

New restrictions and new (better) economic forecasts in the Baltic States

The increase in COVID-19 infections in the Baltic States in recent weeks has resulted in a number of restrictions, but the second lockdown will not affect the economies of the Baltic States as anticipated. Forecasts indicated that the recession in 2020 in Lithuania and Estonia would be one of the lowest in Europe. However, the most recent restrictions – such as the ban on moving...

[Zdjęcie: Rafael Henrique/Zuma Press/Forum]

IEŚ Commentaries 273

Marlena Gołębiowska - Visegrad Team

The impact of COVID-19 on the fiscal policies of the Central European countries

Within six months of the announcement of the COVID-19 pandemic, the Central European countries spent nearly 10% of GDP on fiscal support. This decisive response by governments is mitigating the effects of the economic crisis, saving companies and preserving jobs. However, an increase in expenditure with lower budgetary revenues inevitably leads to a deterioration in the...