-
Commnet on Latest GDP Data.
please go to page in Bulgarian... -
GDP growth in 2005 was slightly quicker than expected.
GDP growth in 2005 (forecasts and estimates):Industry Watch forecast (April 2004) 4.4%Industry Watch forecast (October 2004) 4.6%Industry Watch forecast (April 2005) 5.1%Industry Watch forecast (October 2005) 5.8%NSI estimate (March 2006) 5.5%... -
Conservative Fiscal Spending in the Beginning of 2006.
..... -
Political Aspects of the Latest Inflation Data.
According to the state National Statistical Institute (NSI) prices for the “average” consumer in Bulgaria grew by 3% in February only. This is a dramatic figure on the background of an average monthly rise in nominal incomes of less than 1% in the past eight years. Macro-data should be considered a potential source of political... -
New balance of payments data change considerably the macroeconomic outlook in Bulgaria.
BNB announced several important revisions of the balance of payments data because of new data and changes in methodology. These include mostly the following:-new data about the foreign investments for 2004 and 2005,-new method of transport revenue and expenditure registration in the export-import process – differentiating the ty... -
Employment growth slows down in Q4.
Employment in the non-farm private business reached some 2 million positions in 2005. Its growth was substantial - some 5.5% y-o-y - as the new enterprises were able to accommodate fast idle resources. Thus in a year of no major privatizations, when the employment in the state business declined by just 34 thousand positions, the... -
BNB should avoid further measures "against the trade deficit".
According the latest data from BNB the trade deficit in 2005 reached the record levels of EUR 5.2 billion or about a quarter of GDP. The current account deficit also climbed to a record of 15% of GDP.The central bank has two options to look at these figures. First, their intervention in the banking business has given no result a... -
Perspectives and risks for the economic growth.
The excessive focus on balance of payments and particularly on current account deficit may render difficult the process of analysis of the current economic conditions and the threats to the growth. On the one hand, we hold that the official statistics on balance of payments probably overestimates the current account deficit. T...