-
Household holdings in mutual funds in Q1 2009
The prices of Bulgarian public companies’ shares in the last two months were growing simultaneously with the upward dynamics on the world financial markets. The activation of the capital markets globally reflects the easy monetary policy of the leading central banks rather than a positive change in economic fundamentals. ... -
The household financial wealth in 2008
-... -
Is there global deflation?
In the moment deflation is viewed as considerable risk before the recovery of economies from the crisis. Meanwhile, the explanations for the price declines are mainly based on the effects of contraction of economic activity and demand. The logical contradiction in the causal relationship is obvious. Nevertheless, the thesis is b... -
Economic growth during global recession
The official statistics in Bulgaria reported the preliminary data on GDP in Q3 2008. The real growth of the economy remained relatively high, although slightly decelerating compared to the previous (second) quarter. Considerable contribution to the relatively high growth is brought in by agriculture, which is typically character... -
Is the foreign debt a problem for the Bulgarian economy right now
Using the macroeconomic approach, the problem could be both in the private and the public debt. The broad consensus is that Bulgaria does not have problems with the government debt. What is more as of October the total volume of the debt is covered by the fiscal reserve, i.e. the Bulgarian government does not have debt.Many anal... -
Housing in Bulgaria - asset or liability
The main participants in the housing market in the recent months have reported decline in the number of the closed deals and drop in asking prices. The official statistics still shows the state of the housing market with a little lag. The data on Q4 2008 will probably register more serious decline of the housing growth. The slow... -
It’s not time for Keynes now
In our opinion the more important question is not whether the forecast for growing unemployment will come true, but rather what the political risks, arising from a broad consensus around these forecasts. The threat of more unemployment is a significant problem for the politicians (as if it concerns solely them). With the officia... -
Savings and consumption during crisis
Considering the recent signs for more tangible reflection of the global financial crisis on the real economy in Bulgaria, at least for now its impact on consumer sentiment seems rather limited. Whereas in the October business the NSI registered the biggest monthly decline (by 4.6 points) of the composite business climate indicat...