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Exports as Growth Engine.
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Economic growth in 2006 to be 5.3% according to Industry Watch poll of forecasters.
As an independent source of economic research and analysis Industry Watch presents regulars forecasts on Bulgaria’s economy, based on a poll of selected macroeconomists. The poll takes place twice a year (spring and fall). In the current spring poll we present the updated forecast for 2006 and a forecast for 2007. We expect the ... -
Rise of minimum wage in the current political agenda.
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Commnet on Latest GDP Data.
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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.
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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...