In times of trouble investors turn to reliable gold
Gold has taken centre stage in recent economic developments, as its value has risen steeply. Since the beginning of 2024, gold prices have increased by more than 60 per cent, reflecting the ...
Articles
Redefining EU-UK relations after Brexit
The agreement on the withdrawal of the United Kingdom from the European Union, effective from February 1, 2020, left a strong political and economic imprint on the EU and, an even deeper ...
Global developments call for fiscal prudence in Cyprus
Although recent global economic developments, including the imposition of trade tariffs and geopolitical uncertainties, are not expected to have significant immediate impact on the Cypriot economy, they nevertheless pose risks ...
Intensified trade tensions and their impact on the dollar
The Trump administration’s trade policies continue to monopolise attention. The implications are multidimensional. Among other things, they affect the course of the dollar, as well as the exchange rates ...
Cultural development is crucial for Cyprus’ economic prosperity
Culture is a crucial, but underestimated, factor in socio-economic progress. It influences the perceptions of national authorities and citizens and defines their approach to addressing challenges and interactions with the ...
Trade disruptions and policy choices
ALTHOUGH the adoption of an aggressive policy of imposing high tariffs by the United States featured prominently in President Trump’s campaign agenda, the scope of the actual measures has ...
Unfreezing public sector hiring must come with major reforms
The ongoing discussion on the unfreezing of first-time appointments in the public sector, including local authorities, is crucial, taking into account the size of the public payroll and its broader ...
Slow-moving EU may finally be waking up from its slumber
Most assessments of the developments and prospects of the EU are unfortunately negative. The EU is increasingly criticised for its inflexible policy decision making framework, excessive bureaucracy, inability to play ...
Water scarcity a major risk to economy and must be tackled
By Andreas Charalambous, Omiros Pissarides, and Evangelos Tryfonos
Preventive risk management is of paramount importance, as it mitigates potential negative consequences and enhances the long-term stability of an economy. Taking ...
Cyprus economy: trade deficits and competitiveness problems
The performance of the Cypriot economy is currently rather noteworthy: satisfactory growth, low unemployment, modest inflation and surpluses in public finances. However, over time, it has also illustrated excessive deficits ...
Which way will Brics go in changing world order?
Indonesia’s recent accession to the Brics coalition highlights the ongoing and ambitious efforts of its member countries to create a rival to the G7, the alliance of the world’...
The negative impacts of deglobalisation
Globalisation has been a dominant feature of the socio-economic developments of recent decades. Now, it has been showing signs of de-escalation.
For some time now, the view that the unfettered ...
Financial crisis showed why banks must be well regulated
Banks play a key role and are inextricably linked to the outlook of the economy, mainly through supporting growth by providing financing to businesses and individuals.
However, as demonstrated during ...
Socio-economic inequalities between countries
The award of this year’s Nobel Prize in economics to Acemoglu, Johnson and Robinson highlights a fundamental aspect of the global economy, notably inequality between countries. The three scientists ...
What does Cyprus’ Moody’s upgrade mean?
Cyprus’ credit rating was recently upgraded from Baa2 to A3 by Moody’s. The double upgrade reflects, firstly, the improvement in the country’s fiscal indicators. Public debt has fallen ...
Trump’s policies will have short and long-term economic effects
The election, for the second time, of Donald Trump in the US signals important geopolitical changes and is expected to impact the global economy decisively.
Currently, the US economy presents ...
The pension framework is in need of reform
A large number of countries are facing increasing problems with pension sustainability and adequacy. To address this challenge, some European countries have adopted a three-pillar framework, which is based on: ...
Is Germany the sick man of the EU?
In a previous article, we referred to the economic challenges faced by the EU. Some analysts and reputable media express the view that Germany is currently the “sick man of ...
Changing economic policy in China could have decisive global impact
At present, global interest appears to be focused on geopolitical tensions in Ukraine and the Middle East and the evolution of interest rates in the US and eurozone, as well ...
The EU at a crossroads and the Draghi report
The EU is currently undergoing a critical period, mainly due to economic stagnation, lagging behind the US and China in the field of technology and insufficient progress in the battle ...
Big opportunities ahead for Serbia economy, but also obstacles
Although Serbs have existed as a distinct ethnicity for centuries, contemporary Serbia is the result of the breakup of socialist Yugoslavia and subsequent wars.
Yugoslavia was formed after the end ...
Cyprus needs public investment system overhaul
The role of the state in the field of investments is becoming increasingly important, as, over the coming decades, additional funds will be required for the purposes of: (a) tackling ...
A brief history of economic theory
Economic theory has its roots in antiquity. As early as the 18th century BC, the Babylonian King Hammurabi’s Code includes references to property rights, contracts, credit and economic justice.
...
US-China rivalry and the rise of India
In recent years, the Indian economy has been growing rapidly, while also gaining ground amid rising tensions between China and the US, as well as the EU.
The underlying circumstances ...