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Under the cold shower of central banks’ governors

Published at: 26-11-2023

Posted on: November 26th, 2023 by RaduC No Comments

As time passes and interest rates show no signs of decreasing, the impatience of the business environment and the population begins to grow. Both of them see their budgets affected by the increase in the cost of credit, which erodes the amounts available for investment or consumption. These frustrations make politicians become the mouthpiece of […]

Romania, this time is different!

Published at: 03-09-2023

Posted on: September 3rd, 2023 by RaduC No Comments

It is already common knowledge that, in the process of its accession to the EU and afterwards, Romania used only a part of the European funds it had at its disposal for development and accelerating convergence. Looking at the infrastructure that Hungary and Poland have built during the past decades by maximizing the absorption of […]

Will Romania face an exchange rate crisis?

Published at: 27-08-2023

Posted on: August 27th, 2023 by RaduC No Comments

A recent study by well-known Japanese bank Nomura nominates Romania as the second most vulnerable country to an exchange rate crisis after Egypt. In third and fourth place are Turkey and Sri Lanka, respectively. The alert threshold is defined as the value of 100 of the index, a breach of this threshold being interpreted as […]

Bad news for populists: in the end, economics always wins

Published at: 18-06-2023

Posted on: June 18th, 2023 by RaduC No Comments

Joining the eurozone was seen as a miraculous solution to all the economic problems the country had faced so far. Therefore, any way of achieving this goal, including manipulating economic statistics, was perfectly justified. With a debt of over 100% of GDP and a budget deficit of over 3%, Greece would have had no chance […]

Is artificial intelligence a hammer?

Published at: 11-06-2023

Posted on: June 11th, 2023 by RaduC No Comments

Proponents of the unconditional embracing of artificial intelligence (AI) argue that this is a major technological leap forward that will provide people with a new tool to make them more productive and make their work easier. But such a simplifying, not to say simplistic, approach contains a pitfall. This important warning was given in a […]

The common denominator of the current polycrisis

Published at: 03-03-2023

Posted on: March 3rd, 2023 by RaduC No Comments

A new term is now popular to describe the complex context in which we find ourselves: polycrisis. Well-known economist Larry Summers, former US Treasury Secretary and President of Harvard University, in a Financial Times interview attributed the term to Adam Tooze, an English historian and professor at Columbia University. The term polycrisis aims to capture […]

How “naked” are the big debtors?

Published at: 04-02-2023

Posted on: February 4th, 2023 by RaduC No Comments

The process of quantitative tightening that the major central banks are currently engaged in makes many people worryingly remember one of Warren Buffett’s famous sayings: “Only when the tide goes out do you discover who’s been swimming naked”. Such concern is understandable. The decade of ultra-low interest rates has fueled risky behavior on the part […]

A turning point for world demography seen from two angles

Published at: 21-01-2023

Posted on: January 21st, 2023 by RaduC No Comments

2022 was a truly historic moment for the demographic evolution of the world’s most populous country. For the first time in 60 years, China’s population recorded a year-on-year decline. The Chinese ended 2022 850 thousand fewer. Unlike 60 years ago, when the population decline was caused by the famine that followed the “Great Leap Forward” […]

A full employment recession?

Published at: 15-01-2023

Posted on: January 15th, 2023 by RaduC No Comments

We are probably facing one of the most anticipated recessions. There seems to be a general consensus that 2023 will be the year we see a negative GDP growth for at least two consecutive quarters in a sizable part of the world economy. The IMF estimates that half of Europe’s economy and a third of […]

Who will be the superpowers of the clean energy era?

Published at: 09-01-2023

Posted on: January 9th, 2023 by RaduC No Comments

Human civilization has reached the tipping point in an area vital for its very existence: energy resources. Undoubtedly, the main issue is not depletion thereof, but managing it in such a way that the planet’s climate deterioration is cut short. And to take the challenges even further, such a transition has to be managed in […]

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