Sweden, Denmark and Norway proved to be the world’s most developed economies in the Responsible Development Index ranking, prepared by the Polish Economic Institute for the second time.

Piotr Arak, “The Brussels Times”: New Eurostat data for the second quarter of 2020 shows that Poland is among the top three countries in terms of the mildness of the recession. Polish GDP declined by 7.9%; only Lithuania and Finland (where GDP decreased by 3.7% and 5.2% respectively) performed better.

At the start of April, 18% of companies surveyed did not have financial liquidity, and just 26% said that the financial resources available will enable them to operate for more than three months.

Over the past 15 years, the Three Seas countries have been among the fastest-growing regions in the European Union.

Out of the 115 countries covered by the Energy Transition Index (ETI) 2019 prepared by the World Economic Forum (WEF), the EU Member State most advanced in energy transition towards a zero-carbon economy was Sweden, the leader in the ranking, whereas the poorest performer, ranked 77th, was Bulgaria.

Piotr Arak, “EU Observer”: Many capitals, experts and politicians see Poland as the ‘enfant terrible’ of climate negotiations. The only EU capital that does not agree to the goal of going climate-neutral by 2050. Everybody asks why? But the answer is darn simple. Money and time.

In 2018, the CIT gap was PLN 22 billion, 35 per cent less than in 2014. At the same time, CIT accounted for 5 per cent of State revenue in Poland, distinctly below the EU average of 7 per cent. A vital problem is the shifting of profits to tax havens – in 2018 alone transnational corporations artificially transferred from Poland profits of PLN 17 billion, which translated into CIT revenue foregone exceeding PLN 3 billion.

Piotr Arak, “The Brussels Times”: The International Monetary Fund predicts that global public debt will reach its highest level in history with 101% of GDP in 2020. Economists expect it to be higher even than the debt mountain after WW2.

Aleksander Szpor, “CE Energy News”: Poland faces a serious challenge when it comes to climate neutrality by 2050, mainly due to its coal-based energy system and limited alternative options. The most coal-dependent country in CEE is struggling to transform in an economically and politically secure manner.

In its report entitled ‘Trade routes after the COVID-19 pandemic’, the Polish Economic Institute presented four scenarios for a new pattern of global trade routes resulting from potential relocation of part of production from China to other countries, likely to push down China’s GDP by as much as 1.64 percent.