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Why is Turkey falling into an economic abyss?
"The record weak currency and rampant inflation illustrate the disastrous state of the Turkish economy. This is also confirmed today by the fact that the rating has been downgraded deeper to a junk level. What is worse, the available data indicate that the economic situation by the Bosphorus will deteriorate even further," writes Marcin Lipka, Conotoxia Senior Analyst.
Prices of agricultural commodities are very low. This is a result of the trade war
"Even though the prices of agricultural commodities are at their lowest in 27 years, food consumers will not benefit. The recent deepening of price falls is largely due to growing concerns about the trade war. This generates an inefficient use of resources and will hit households sooner or later," writes Marcin Lipka, Conotoxia Senior Analyst.
Trouble in Iran could mean trouble for the world
"Although the US sanctions on Iranian oil exports have not yet come into force, the Iranian economy is already in crisis, which is best reflected in the dramatic weakness of the local currency. The escalation of economic tensions in Iran is also a risk of extremely serious repercussions in the oil market," writes Marcin Lipka, Conotoxia Senior Analyst.
With or without a travel agent? A better way to spend your holidays
The choice between a fully-prepared offer or doing it yourself, between comfort and a little bit of effort. Is it worth going with a travel agency or is it better to organize your holiday on your own? What are the advantages and disadvantages of both solutions?
The British are either against Brexit or are shooting themselves in the foot
"We had to wait two years for the United Kingdom plan on the EU divorce conditions. The proposal put forward by Theresa May's government is disastrous for the United Kingdom and unacceptable to the EU. It is possible, however, that this is a more long-term game, which will ultimately keep the Kingdom within EU structures," writes Marcin Lipka, Conotoxia Senior Analyst.
The Bank will calculate almost PLN 5 per EUR
“The holiday season is upon us, but from the perspective of Polish travellers, foreign currencies are clearly becoming more expensive. However, it is not the exchange rate of the euro or dollar to the zloty that is the most questionable. The most important thing is, first of all, information on the fees that banks charge for using a PLN card abroad. Sometimes they exceed 10% of the total value of the transaction,” writes Marcin Lipka, Conotoxia Senior Analyst.