Some Issues Confroting Bulgarian Economy

Petar Chobanov

doi:10.16408/faba.v1i1.5

Petar Chobanov University of National and World Economy, Sofia

DOI: https://doi.org/10.16408/faba.v1i1.5

Keywords: Comparative Economics, Economic Growth, Risks to Medium-Termdevelopments, Inflation

Abstract

This study examines the economic development of Bulgaria over the medium term. A comparison is made with 2008, which preceded the Global Financial and Economic Crisis. The Bulgarian economy is also analyzed in a comparative manner with the other 12 Central and Eastern European countries, which represent the last wave of EU enlargement. The Bulgarian economy slows down its growth rate, there is a lag behind the average for other countries, with the main factors of growth unfavorable. There is no adequate economic policy to address structural problems.