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Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the recession the saving rate has increased by about 2 percentage points to close to 4%. Such a rise is in line with the record from previous recessions. The study argues that, this time,...
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Foreign direct investment (FDI) inflows to the Baltic countries were driven by different factors. Initially the process … of privatisation and low labour costs attracted investment into public utilities and manufacturing. Later, taking … the new millennium, the bulk of foreign investment was channelled to financial services. In line with FDI literature, the …
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This Country Focus discusses the relation between public investment and economic growth in Poland. Theoretical and … higher public investment stimulates growth in Poland. In recent years, a significant effort has already been made to increase …
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Following several years of low growth Germany is presently enjoying a relatively strong recovery. With unemployment falling at record speed and fiscal consolidation progressing, the upswing is set to continue in spite of uncertainties surrounding the VAT increase of January 2007. This Country...
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