It was great to speak at @Economist_SEUR event in Sofia. Bulgaria's euro zone accession is a milestone. For convergence to continue, efforts should focus on governance, human capital and innovation. Bulgaria can use its new voice in Europe to support a deeper EU Single Market.
Wysoki wzrost gospodarczy i niska inflacja sprawiają wrażenie idealnej sytuacji gospodarczej. Jednak pod powierzchnią kryje się niepokojąca nierównowaga: deficyt budżetowy Polski jest drugim co do wielkości w Europie, a dług publiczny szybko rośnie.
https://t.co/fZNjexCSKK
Good discussion on @EFCongress survey about challenges to Poland’s economy. The best time to pursue reforms that boost potential is when the economy is doing well.
Great to speak at @ftlive's CEE Forum 2026.
CESEE countries will grow faster than advanced Europe this and next year. Still, it's vital for them to adjust to a challenging external environment by focusing on both domestic and EU-level reforms, like completing the Single Market.
@voxeu Fighting inflation is painful but pays off in the medium term. Output losses from tight monetary policies dissipate once inflation is brought under control.
By contrast, leaving inflation to linger comes with long-lasting costs of macroeconomic instability and inefficiency.
The IMF analyzed over 100 inflation shocks since the 1970s.
Key lessons:
• Fighting inflation is a long slog
• Declaring victory prematurely is a common and costly mistake.
• Consistently tight monetary policy is key
La muerte de @ontiverosemilio nos llena de tristeza a todos aquellos que tuvimos la suerte de colaborar con él. Echaremos de menos sus conocimientos y su humanidad. También su cercanía y sus abrazos en los momentos difíciles. Emilio, gracias por todo y hasta siempre.
In the UK, labor market tightness & 3-year inflation expectations have exceeded levels seen in past inflationary episodes. In addition to @bankofengland‘s rate hikes the authorities could consider raising more revenues now & shift spending to the future. https://t.co/34V7EbPLpf
In our latest World Economic Outlook, we project global growth of 5.5% for 2021 but much depends on the outcome of the race between the virus and vaccines, and on the policy support provided. Read @GitaGopinath’s latest #IMFblog. #WEO https://t.co/l6a6MLEYha
If you want to know how reopening strategies during the summer have impacted economic activity and Covid infections, read out new IMF working paper: https://t.co/0tfYE3okE3
European Department Director Alfred Kammer explains how policies have helped safeguard 54 mln jobs, what it takes to obtain a durable recovery in Europe, and how to build a more inclusive, resilient, and greener economy over the medium term. Read #IMFblog https://t.co/2EIJ6HuSMa