Last time I posted something optimistic about the economy, let’s check the bad-case scenario, courtesy of Dr.Doom:
An Economist Who Called the 2008 Crash Says We’re In for a Long Depression
nymag.com
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Nerijus Mačiulis on MacroeconomicsEconomist, investor, teacher, runner, diver.about 2 months ago
In 1976 Jean Monet famously said that “Europe will be forged in crises and will be the sum of the solutions adopted for those crises.” In 2001, Romano Prodi, the then EU commission president, said “I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created”. EU is in a deep crisis, and not just economic crisis that needs quick medicine. EU leaders’ failure of confront the reality is disappointing. It’s time to brush their differences aside and fix Europe.
Macro Focus - June 2020
www.swedbank-research.com
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Nerijus Mačiulis on MacroeconomicsEconomist, investor, teacher, runner, diver.2 months ago

Nerijus MačiulisEconomist, investor, teacher, runner, diver.
Justinas, yes. Swedbank’s market share across Baltic countries allows to make this kind of generalization.
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Justas JanauskasCEO @ Qoorio
Vaidas, what is your thinking on why they do well?
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