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Polish Economy to Shrink in 2020 due to Pandemic

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The Polish economy is on course to record its first recession in nearly three decades, with an expected contraction of 3.9 percent this year, according to the latest edition of the World Bank’s Europe and Central Asia Economic Update, released today.

Easing of pandemic-related restrictions, normalization of economic activity in many sectors, the large economic package being implemented by the government, as well as recovery in key trading partners, are expected to support a moderate recovery in 2021.

According to the World Bank, growth in Poland is expected to reach 3.5 percent in 2021. The projected recession in 2020 is less pronounced than the 4.2 percent contraction anticipated in June, while the recovery in 2021 is expected to be faster than the previously-forecasted 2.8 percent. Considerable downside risks to this outlook persist, however.

“The Polish economy was strong when the COVID-19 pandemic hit. Many years of uninterrupted growth, prudent macroeconomic policies, access to EU funds and social programs have helped cushion the effects of the crisis and limit the negative consequences,” says Marcus Heinz, World Bank Resident Representative for Poland and the Baltic States. “At the same time, the pandemic is a reminder that the crisis is sparing no-one. Therefore, we have to start investing in a post-pandemic resilient recovery by strengthening health care, education, and improving the investment climate, among other measures.

The pandemic-induced contraction in 2020 is also expected to increase poverty in all countries in Europe and Central Asia. Based on the $5.50 per day poverty line, customarily used in upper-middle-income countries, an additional 6 million people may slip into poverty. 

The pandemic has adversely affected education and health in the region. The virus has already killed thousands of people, and some people who survive will suffer long-term damage to their health. School closures may lead to learning losses equivalent to one-third to one full year of schooling, and they are likely to exacerbate inequalities by disproportionately affecting students from disadvantaged backgrounds.

A special analysis in the report finds that improving access to and quality of tertiary education and reducing adult risk factors for health are key for a resilient recovery in the region. While countries in the region provide relatively good basic education and health services, as measured by the World Bank’s Human Capital Index, more needs to be done for individuals and countries to succeed in the future.

“Just surviving is not enough, nor is simply completing basic education. Adults need to remain healthy, active and productive throughout their lives,” said Asli Demirgüç-Kunt, World Bank Chief Economist for Europe and Central Asia. “It is especially important to reduce the health risks of obesity, smoking and heavy drinking which can jeopardize active and productive aging, and to ensure higher education institutions prepare students for the challenges of today’s job markets.”

Across the region, more than 18 percent of the population is obese, nearly 23 percent of people are heavy episodic drinkers, and nearly 26 percent are current smokers. These health risks are particularly high in Eastern Europe and Russia, where adult life expectancy is also the lowest in the region. Prevalence of these risks increases not only the likelihood of conditions such as cardiovascular disease, but also the mortality and morbidity consequences of infectious diseases like COVID-19.

Good quality higher education is critical for people to remain competitive in fast-changing labor markets. Improving higher education in countries of Western Balkans, Eastern Europe, South Caucasus, and Central Asia would also help them retain their high-skilled labor force in the face of sustained out-migration.

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Finance

4 Crucial Factors That Helps in Selecting the Ideal FX Expert Advisor

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The forex market is increasingly expanding at a rapid pace with millions of active traders executing trades daily. The use of advanced technology is also preferred among traders who are involved in active trading. As automation is slowly taking over most industries and businesses, the forex market is also noticing a rise in the use of FX expert advisors to execute a trade on behalf of an investor.

But even with the tons of perks that these FX EAs are capable of, you must consider certain factors before investing in one.

But before we jump into discussing the factors that indicate an EA’s reliability, let us get a clear understanding of what forex EAs are and how they work.

Explaining FX Expert Advisors

An EA is a software program that offers the benefit of automated trading to investors worldwide. A forex EA is responsible for identifying the best possible timings for opening a position with the help of certain in-built algorithms and indicators. As the market is active for 24-hours straight, using an EA will certainly be useful; it is immune to any emotional factors and can facilitate you to make high-profitable trades by identifying the ideal entry points.

Developed in MQL, an EA can operate on MetaTrader 4 or 5 and comes up with complex strategies of trading based on a certain mathematical pattern. The ways expert advisors tend to outperform manual trading practices involve their high-accuracy results along with faster data-processing technology which aids in better analysis.

Although being quite similar and often mistaken as the same, a forex EA slightly differs from a forex robot in terms of its functions. While forex robots can take care of executing a trade on behalf of you, and EA will simply advise you when to initiate a trade allowing you to have full control over initiating a trade.

Points to consider before investing in an EA

Investing in an expert advisor requires certain factors to keep in mind that will help you to maximize your success rate with the benefit of automation.

  1. Performing a thorough background check

The security factor should be on your priority list while opting for an expert advisor. Thorough research along with a complete background assessment is necessary to determine the authenticity of the EA. You can rely on reviews and testimonials of other users as well as checking the credentials of the vendor. Some factors that decide the genuineness of the EA include secure payment options, refund guarantees in case of false claims, transparent business practices, and development by trustworthy programmers.

  1. Conduct satisfactory research

It is common to come across many catchy claims of instant and guaranteed profit while opting for an EA. But these commercials fail to mention that expertise is the most critical asset you will need to succeed in this industry. You can immediately notice risk factors when anyone makes exaggerated and unreasonable statements if you have a good understanding of how the foreign exchange market works. While many appropriate automated trading systems are useful in leveraging your trading career, you may also come across many fraudulent scenarios in this industry. Thus only proper learning will provide you with the information you need to prevent being a target of these frauds.

  1. Get familiar with basic EA stats

Reliable expert advisors are generally introduced to the market after a long process of backtesting performed by the developers. While selecting an EA you will most likely come on certain statistics including the profit factor, drawdown and expected payoff that demonstrate its performanceAs an investor, you need to be knowledgeable about these stats, what they mean and how they can impact your trading style before finalizing an EA.

  1. Perform independent testing

The final step will always be to verify the capabilities of an expert advisor along with checking the backtested results. You can rely on a demo account or a trial version of that EA easily before making the final call.

Selecting the ideal forex EA can be challenging irrespective of the level of experience you have in this. However, following these tips as well as your experience can make this process easier and worthwhile.

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Free bonus from Binance and the amount of Ethereum best crypto signals is growing

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Binance Gives New Users $ 100

Binance, one of the leading cryptocurrency exchanges, is giving out a welcome bonus to its new users who join its platform. Binance offers the option of giving up to $ 100 to new users.

Binance, the world’s largest cryptocurrency exchange by trading volume, is offering a welcome bonus of up to $ 100 to new users who join its system. To benefit from these rewards, users must be members of the Binance exchange and then complete certain tasks – said the analyst of SafeTrading.

Users who are new members of the Binance exchange must complete the tasks set by the platform within 7 days. Users must complete the authentication process before running these tasks. Once this process is complete, you can switch to an interface called Task Center. Binance challenges and awards include:

– A $ 5 bonus cash voucher on your first deposit of at least $ 50 in Fiat or P2P.

– A $ 50 spot cashback coupon on the first purchase of at least $ 100 worth of crypto in spot transactions.

– $ 45 Spot Refund Coupon for your cryptocurrency trading of at least $ 100 on spot trades.

After completing the three tasks mentioned above, you can view the cost and expiration date of your coupons in the Reward Center interface.

Binance will award a premium of $ 1.8 million

Binance, one of the world’s largest cryptocurrency exchanges, has created a $ 1.8 million prize pool for its 4th anniversary. Binance’s largest prize pool by best crypto signals to date will be raised with users at a special event hosted by the giant cryptocurrency exchange by the info of SafeTrading.

To take advantage of this event, you must first be a member of the Binance exchange. Upon completion of membership, tasks are displayed in the Challenge interface. There are prizes defined as 350 CHR, 200 CHZ, 500 DATA, 20 DEXE, 800 TRX, NFT, thanks in the call interface. To take advantage of these rewards, you must complete the quests at the bottom of the event interface. Users who are eligible to spin the wheels with these challenges can take advantage of these rewards by clicking on the ‘GO’ option. However, the user who has completed the quest can go through the same quest again after 24 hours and be eligible to spin the wheel.

The event will run until 14.59, 07/14/2021.

Is Shibaswap Safe? What do the reviews say?

Many people question the transparency and reliability of ShibaSwap and its best crypto signals.

ShibaSwap security check error.

Despite the unexpected success of this decentralized dog exchange, there are warnings that liquidity providers are adding capital via an undefined security protocol. Amid Elon Musk’s annoying dog token trading, on July 7, Shiba developers launched a purported decentralized exchange with attractive perks for users. Within 24 hours of launch, the exchange has raised over $ 1 billion in blocking.

On July 8, a columnist for cryptocurrency exchange DeFi Safety published a report on ShibaSwap, in which the exchange score is only 3%, which is well below the 70% that the site considers successful.

Describing the rating as a “crushing failure,” DeFi Safety reported that ShibaSwap failed on all but two of the 22 review criteria. The exchange received a 30% Credibility rating for the clarity of the information presented in the whitepaper.

ShibaSwap one address.

On July 7, Solidity developer Joseph Schiarizzi warned that ShibaSwap is under the control of only one address for most of the first day of the hosting contract.

Since then, ShibaSwap has upgraded the contract to a multi-signature system that requires six secure accounts to reconcile transactions before they are executed. Schiarzzi warns that each of the addresses can be under the control of one person:

Most of these secure accounts are newly opened accounts with 0 transactions and no ETH, so it is likely that the holders of these accounts are simply people working for the ShibaSwap developers who can easily agree to participate in a betting contract.

DeFi Watch analyst Chris Black shared Sciarizzi’s warnings about ShibaSwap safety risks with his 22,000 followers and drew attention to the DeFi Safety review.

The number of Ethereum users has increased by 5 million in the last 30 days!

Ethereum (ETH), the world’s largest smart contract development platform, continues to gain traction ahead of the planned upgrade, reaching over 5 million new users in just 30 days (Info of the SafeTrading team).

Ethereum Demand Grows Rapidly

On average, this means 173,235 new users are added to the Ethereum network daily. With sob data, the total number of Ethereum addresses in the world has increased to 162,231,196.

Celsius Network CEO Alex Mashinsky recently stated that Ethereum is “converting” bitcoins, which will make cryptocurrencies more widespread. Mashinsky expects wider adoption of Ethereum as he believes tier 2 solutions will solve the problems with ETH in the near future.

ETH 2.0, on the other hand, will be a significant and incremental improvement to tier 2 solutions, but Mashinsky said the two systems will work together in the future. Ethereum developers recently introduced a new bill allowing the London hard fork. This account also includes the highly anticipated Ethereum EIP-1559 update.

A week ago, Ethereum surpassed Bitcoin in terms of the total number of active addresses per day for the first time in the history of cryptocurrency. This event shows that the demand for the second largest cryptocurrency in the world is growing. The fact that Ethereum is significantly ahead of Bitcoin in terms of daily active addresses is a harbinger that it will become a big competitor to Bitcoin in terms of price.

The number of Ethereum users has increased by 5 million in the last 30 days!

For example, the American investment bank Goldman Sachs believes that the Ethereum network is capable of using it as the main storage for cryptocurrencies.

Ethereum is on track to become the most popular smart contract development platform in the crypto community, according to a Business Insider report released on Tuesday.

How will this affect the price of Ethereum?

After the last big drop, Ethereum, which, like all altcoins, was seriously damaged, started the week with a rally. The price is currently hovering around $ 2,230. If the Ethereum price remains above the $ 2,230 support, it could correct higher in the near future. The first resistance is around the $ 2,280 level and the 100-hour SMA. If the first key resistance is $ 2300. The next major resistance is around the $ 2,350 level. The additional gain could push the price towards the $ 2,400 level, and new updates in the coming months suggest that this could push the price higher.

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How To Perform Forensic Delay and Disruption Analysis?

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Forensic delay and disruption analysis refers to the process of investigation that determines the causes and extent of delays in order to resolve disputes related to construction projects. It revolves around identification of the activities or events causing delays to the critical path and quantifying the delay caused by each event.

The analysis requires the help of experts trained in Critical Path Method (CPM) Scheduling methods. These experts are appointed by parties involved in a disputed project who come to an agreement regarding the causes of delay. In this article, we have explained how an expert performs a detailed forensic delay and disruption analysis.

How is a Forensic Delay and Disruption Analysis Performed?

A forensic delay and disruption analysis can be conducted prior to the commencement of the project as a form of risk assessment. Alternatively, it could be done during or after completion of the project to identify the causes as well as the amount of delay.

To perform a forensic delay and disruption analysis, it is essential to enlist the help of an expert. The expert performs the analysis by evaluating the planned and actual results, the type of critical delay incurred, and activities leading to the delay.

The delay analysis is all about finding details – how the actual project progressed, what activities or events had an impact on the time taken for completion, etc. And to figure this out, the expert needs to move beyond taking the project schedule at face value and evaluating its activities.

They have to go through all of the contemporary records related to the project in order to identify the actual causes and effects of the delay events affecting the critical path of the project.

However, not all projects may have the complete set of records that is needed by the expert. In such cases, the experience of the expert allows them to work out a satisfactory analysis using incomplete or inaccurate data.

Forensic Delay Analysis Methodologies

There is no standard method in forensic delay analysis that can be followed for every situation. Before deciding on the most suitable method, an expert needs to consider several aspects. These include:

  • Type of required analysis- retrospective or prospective
  • Requirements of the contract
  • Dispute value
  • Available time
  • Availability of records and program information

On the basis of the above aspects, the expert identifies the most suitable methodology for analysis. In case there are experts appointed separately by both the parties involved in the dispute, the experts need to unanimously decide on a methodology to maintain ease of interpretation and comparison.

Some of the most common methods used in forensic delay and disruption analysis are as follows.

  • Impacted As-Planned Analysis
  • Time Impact Analysis
  • As-Planned vs As-Built
  • Windows Analysis
  • Collapsed As-Built Analysis

Conclusion

To conclude, forensic delay and disruption analysis is a means of negotiating a fair result in case of a dispute related to delays in construction projects. A delay analysis expert needs to go through all the relevant records and identify the most suitable methodology to ensure that they don’t end up with an erroneous conclusion.

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