Tomasz Mickiewicz
tomekmickiewicz.bsky.social
Tomasz Mickiewicz
@tomekmickiewicz.bsky.social

Professor of economics @ Aston University (Birmingham, UK), editor of Entrepreneurship Theory and Practice, fellow of Regional Studies Association.
Once a member of Movement for Defence of Human and Civil Rights, opposing Soviet regime in Poland. .. more

Economics 40%
Business 37%

The Economic Impact of Brexit on GDP seems to be - 6% to - 8% till 2025. Impact on investment is even larger. share.google/30UFNyXkw2M5...
The Economic Impact of Brexit
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
share.google

"Campaigns aimed at anti-elite candidates can unintentionally mobilize support for them" www.nber.org/papers/w3443...
Political Information and Network Effects
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org

There is a point for a country, when self-inflicted decline in soft power translates into decline in hard power. The latter depends on how many close allies a country has.

US passport lost significantly in terms of its value measured by visa free entry worldwide.

www.economist.com/graphic-deta...
The world’s most—and least—powerful passports
Americans’ travel documents aren’t as muscular as they used to be
www.economist.com

"Mr Putin’s initial war boom has now given way to stagflation, with growth at almost zero, labour shortages, hidden bad debts, inflation of 8% and interest rates of 16.5%. Another half-decade of this would probably trigger an economic and banking crisis in Russia." www.economist.com/leaders/2025...
Why funding Ukraine is a giant opportunity for Europe
The bill will be huge. It is also a historic bargain
www.economist.com

Reposted by Tomasz Mickiewicz

Germany plans €377B in defense procurements as Kremlin bot network spreads fake story about Chancellor Merz’s wife buying Rheinmetall shares

A new disinfo campaign flagged by @antibot4navalny.bsky.social is spreading videos posing as @bellingcat.com, The Telegraph, and German tabloid Bild.
Germany plans €377B in defense procurements as Kremlin bot network spreads fake story about Chancellor Merz’s wife buying Rheinmetall shares
Germany has drawn up plans to procure land, air, naval, space, and cyber weapons worth €377 billion, according to an internal government document reviewed by Politico. The outlays are set to be includ...
theins.press

Reposted by Tomasz Mickiewicz

Russia: Lukoil is now down 20% and Rosneft 13% over the rolling 5 day period.

"Without the Musk partisan effect, Tesla sales between October 2022 and April 2025 would have been 67-83% higher, equivalent to 1-1.26 million more vehicles. Musk’s partisan activities also increased the sales of other automakers' electric and hybrid vehicles 17-22%" www.nber.org/papers/w3441...
The Musk Partisan Effect on Tesla Sales
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org
US goods prices are reaccelerating amidst the trade war—goods inflation is at the highest level in more than two years, with prices for all goods rising 1.9% over the last year & prices for durables rising 1.8%

Reposted by Tomasz Mickiewicz

The last time America hit 12% credit card delinquency rate, the country was deep in the middle of a major financial crisis that threatened to unravel the entire banking system
New w/ @bencasselman.bsky.social: Wealthy Americans, buoyed by a booming stock market, are spending freely. Lower-income households, stung by inflation and a slowing labor market, are pulling back

www.nytimes.com/2025/10/19/b... @nytimes.com

Reposted by Tomasz Mickiewicz

A record $50-billion payment from Russia to shareholders of dismantled oil giant Yukos remains in force after the Dutch Supreme Court on Friday quashed a Russian appeal, ending a long-running legal saga.
Dutch Supreme Court Upholds $50Bln Payment in Yukos Case - The Moscow Times
A record $50-billion payment from Russia to shareholders of dismantled oil giant Yukos remains in force after the Dutch Supreme Court on Friday quashed a Russian appeal, ending a long-running legal sa...
www.themoscowtimes.com

Reposted by Iikka Korhonen

Both Italy and US are not on the sustainable fiscal paths, but that data shows that US is actually in worse shape than Italy, when the fiscal gap is properly measured... www.nber.org/papers/w3434...
Measuring What Matters: Why Italy May Be in Better Fiscal Shape than the US
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org

Welcome to Europe. There is space here for best development economists around.
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

🧵 1/7
I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

🧵 1/7

There is no single market in Europe. But it can be created and that would help. on.ft.com/3WuJjiR via @FT
Europe’s greatest asset is Europe — let’s use it
There are immediate steps that we can take to consolidate our single market
on.ft.com

Reposted by Tomasz Mickiewicz

“By infecting AI models, Russia is rewriting history for everyone around the world in real time,” writes NewsGuard co-CEO Gordon Crovitz in his Reality Check Commentary.

Read it here:
www.newsguardrealitycheck.com/p/ai-models-...
AI Models Need to be Disinfected — Or George Orwell’s “1984” Will Come True
Commentary by NewsGuard Co-CEO Gordon Crovitz
www.newsguardrealitycheck.com

Reposted by Tomasz Mickiewicz

“.. Lower population growth as the president presses ahead with mass deportations will knock between 0.5 and one percentage points off America’s GDP growth between mid-2025 and mid-2026, according to S&P Global Ratings.”

@telegraphnews.bsky.social
www.telegraph.co.uk/business/202...

Reposted by Tomasz Mickiewicz

"Russia’s oil refineries are a bit like a man who is being repeatedly punched. He will not die from one punch, or even half a dozen punches. But it becomes harder and harder for him to recover after each subsequent blow."
carnegieendowment.org/russia-euras...
Have Ukrainian Drones Really Knocked Out 38% of Russia’s Oil Refining Capacity?
Kyiv’s unprecedented strike campaign on Russian oil refineries has inflicted serious—but likely not critical—damage on the country’s ability to produce fuel.
carnegieendowment.org

Inflation down in Euro area (2.0% compared to 2.2% year ago), and the same as year ago in the EU (2.4%). ec.europa.eu/eurostat/en/...
Annual inflation stable at 2.0% in the euro area
Overview The euro area annual inflation rate was 2.0% in August 2025, stable compared to July. A year earlier, the rate was 2.2%. European Union annual inflation was 2.4% in August 2025, stable compar...
ec.europa.eu

Broad tariffs downsides: "Efficiency losses would approach one-third of revenues raised, the tax system would be less progressive, and there would be serious tax administration concerns. ... Broad tariffs generate a large negative supply shock ..." www.nber.org/papers/w3419...
Tariffs as Fiscal Policy
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
www.nber.org

Reposted by Tomasz Mickiewicz

NEW: Since the start of the Ukraine invasion, 17 out of 27 EU nations have spent more on Russian oil and gas than they’ve sent to Ukraine in aid!

Despite an oil embargo, Europe is still sending £1bn a month on Russian energy.

This week’s column:

www.thetimes.com/article/dd9d...

Reposted by Tomasz Mickiewicz

Russia: Fuel crisis is spreading rapidly and has now reached Lipetsk region, located north of Voronezh and south of Moscow.

Reposted by Tomasz Mickiewicz

The US is a major importer of Indian products made of Russian oil @npr.org
www.npr.org/2025/09/08/n...
The U.S. is a major importer of Indian products made from Russian oil
The United States imports oil products from India's Reliance Industries refinery, which sources nearly half its oil from Russia.
www.npr.org

Reposted by Tomasz Mickiewicz

Quite significant downward revisions of #Russia GDP forecasts.

In 2025 from 2.5% to 1%
In 2026 from 2.4% to 1.3%
European governments voting with their money. Only 8% of new German defence procurement planned to go to US companies. Wise move.
Germany’s €80B rearmament plan sidelines US weapons
A procurement plan obtained by POLITICO shows Berlin’s rearmament spree will overwhelmingly benefit European industry.
www.politico.eu
Just sent out this piece. We are starting to get some decent data on the Ukrainian campaign against Russian refineries--seeing what they are attacking and when. It’s revealing about their strategy and points out how the campaign is poised to develop. open.substack.com/pub/phillips...
An Update On The Ukrainian Campaign Against Russian Refineries
Hi All,
open.substack.com

European unemployment rate went up during the COVID pandemics of 2020, but the downward trend continues since then, according to the latest Eurostat data. ec.europa.eu/eurostat/en/...
Euro area unemployment at 6.2%
Overview In July 2025, the euro area seasonally adjusted unemployment rate was 6.2%, down from 6.3% in June 2025 and from 6.4% in July 2024. The EU unemployment rate was 5.9% in July 2025, also down f...
ec.europa.eu

Reposted by Tomasz Mickiewicz

Finland-Russia life expectancy gap is the largest border gap in the world

Poland and Romania have the lowest vacancy rates in the EU (the number of available, unfilled jobs relative to the total number of positions in the economy). ec.europa.eu/eurostat/en/...
Euro area job vacancy rate at 2.2%
Overview In the second quarter of 2025, the job vacancy rate was 2.2% in the euro area, a decrease from 2.4% in the first quarter of 2025 and from 2.6% in the second quarter of 2024, according to the ...
ec.europa.eu

40% (!) of Chinese urban workers (and 25% total) have short-term, on demand job contracts, many in manufacturing. They gain flexibility but at cost of not upgrading their skills, no provision for pensions, no stability and families. www.economist.com/finance-and-...
China’s future rests on 200m precarious workers
They may work in factories or for delivery apps, but are united by common struggles
www.economist.com