CEE economies might suffer less than Western Europe from new COVID-19 restrictions
Economies in Central and South-Eastern Europe should be less negatively impacted than Western economies by new social distancing restrictions that have been introduced in order to curb the increase in…
COVID-19 crisis: same cause, many results
So much heterogeneity in the performance of European economies during COVID-19 crisis
COVID-19 crisis: high level of heterogeneity in economic performance of countries
China outperformed by far the US and Euro area economies since the beginning of COVID-19 pandemics. US and Germany showed also a good resilience during the lockdown. Economic activity in…
Increase of unemployment rates underestimates labour market damage
Increase of unemployment rates during current crisis underestimated the labour market damage. Unemployment rate definition lefts outside many negative labour market developments that have materialized to a large extent during…
Romania: bellow average paid jobs had a larger fall in disposable income
For many categories of employees, the reduction of wages (technical unemployment), layoffs and inflation resulted in a decrease of real disposable income from net wage earnings during the first six…
Romania: online retail sales boomed when malls closed their doors
Online retail sales jumped by 25% during the lockdown, while retail sales of textiles, clothing and footwear in specialized stores (malls, brick and mortar stores) plunged by 80%. Online retail…
EU: strong recovery of retail sales following the lockdown plunge
Retail sales in major Euro area countries and CEE countries bounced back vigorously in May and June following the lockdown plunge in March and April.
CEE: Foreign trade balances are improving after adverse COVID-19 shock
A stronger rebound of exports of goods and services than of imports triggered a sizeable improvement of foreign trade balances across all CEE countries in May. This followed the visible…
Some perfect V-shapes
Recovery of China GDP and US retail sales was unexpected strong during Q2 2020. Still, details behind the headline figures suggest that outlook remains challenging.
US is now lagging Euro area countries in mobility of persons
Upward trend in mobility of persons has stalled in US as the number of COVID-19 infections has increased. Still, mobility keeps rising in major Euro area countries where re-opening process…
Nicolae Covrig
Telling pasionate stories about economy
Never stop dreaming. Never stop learning. Never stop giving.
