The World Economy and Bulgaria – Trends and Perspectives
The World Economy and Bulgaria – Trends and Perspectives

Author(s): Vasil Petkov
Subject(s): Economy, National Economy, Supranational / Global Economy
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: world economy; economic outlook; main indicators for Bulgarian economy; Bulgarian economic development
Summary/Abstract: The paper reveals the world economic development in retrospective period with a stress on the past few years. It tries to find the interconnections between the different factors and phenomenon. The trends in the leading economies are outlined – the USA, China, Japan, Germany and the Eurozone. Special attention is paid to Gross Domestic Product (GDP) growth rates, economic activity, and inflation rates. Short-term forecasts are made and a comparison with ready predictions is done. The major issues for the future development are assessed. The main macroeconomic indicators for Bulgaria are discussed and explanations for their specific movement is given – GDP growth, its components, export, import, budget deficit, debt to GDP rate, inflation and unemployment rates, etc. The specific factors which influence Bulgarian economy are found and solution for the mitigation of negative ones is given. At the end a forecast for the development of the economy of Bulgaria is given based on analysis of empirical information.

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