Essays & News

  When Xi Jinping became president in March 2013, there was widespread optimism across China. At that time, many Chinese economists held a linear viewpoint, believing that the country’s development would progress continuously. However, today, China finds itself trapped in a deflationary cycle. Deflation occurs when weak demand leads to falling prices for goods and services, […]

  The Chinese economy is in trouble, and there is little hope for a recovery. Although its annual gross domestic product (GDP) growth has remained just under 5 percent over the past three years, doubts about the meaning of that figure are growing. Growth in fixed investments (machinery and equipment) has slowed considerably, from 9.9 percent […]

Štěpán Drábek is a young Czech economist and commentator. Since August 2024 he has been the head of the analytical team of ECONET, the association of winners of the Economics Olympiad. He is also an analyst at the Centre for Economic and Market Analysis (CETA) as well as at the Institute of Liberal Studies. In his […]

  The period from November 6 to now suggests that American politics has largely been shaped at Mar-a-Lago instead of the White House. Located in Palm Beach, Florida, Mar-a-Lago is President Donald Trump’s private club, where he has been actively “ruling,” making announcements and planning his next moves. Meanwhile, President Joe Biden seems to have faded into […]

  The European Union economy is doing poorly. During the past decade, real gross domestic product (GDP) in the EU has grown modestly (about 17 percent), well below the United States and global average (about 26 percent and 32 percent, respectively). The outlook for the future is bleak. The obvious culprits are low productivity growth […]