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Policy Article

Challenges of a changing business environment

Authors

  • Sandkamp
  • A.

Publication Date

JEL Classification

F11 F13 F17

Key Words

China

Europe

Germany

Global Value Chains

globalization

international trade

non-tariff trade barriers

Russia

Sanctions

Ukraine-Krieg

USA

Related Topics

International Trade

Globalization

USA

Russia

Germany

Europe

China

Ever since the beginning of the Covid-19 pandemic in the winter of 2019/2020, both business and politics have been in crisis mode. On top of the dramatic loss of human life, the pandemic has caused a severe economic downturn.

In 2020, GDP in Slovenia fell by 4.3 percent. The country thus performed better than the EU average, which experienced a 5.9 percent decline in GDP. In February 2022, hopes of a lasting recovery were crushed by Russia’s invasion of Ukraine and the energy crisis accompanying it....

Kiel Institute Expert

  • Prof. Dr. Alexander Sandkamp
    Kiel Institute Researcher

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