Bulgaria - Poverty implications of the global financial crisis
There are visible signs that the global financial crisis is affecting economic growth and poverty reduction in Bulgaria. After a period of strong economic growth through 2008, Gross Domestic Product (GDP) in 2009 is projected to shrink by 3.5 perce...
| Main Author: | |
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| Format: | Other Poverty Study |
| Language: | English |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100616015131 http://hdl.handle.net/10986/3187 |
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okr-10986-3187 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ABSOLUTE POVERTY ABSOLUTE POVERTY LINE ACCOUNTING AGGREGATE POVERTY AGRICULTURAL SECTOR ANTI-POVERTY AVERAGE GROWTH CAPITAL FLOWS CHANGES IN POVERTY COMMODITY PRICES CONSUMER CONFIDENCE CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CONSUMPTION GROWTH COUNTRY LEVEL CREDIT GROWTH CREDIT MARKET CURRENCY CURRENT ACCOUNT DEFICIT DATA AVAILABILITY DEBT DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DOMESTIC CREDIT ECONOMIC GROWTH EMPLOYMENT OPPORTUNITIES EXCHANGE RATES EXTREME POVERTY EXTREME POVERTY LINE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL SECTORS FINANCIAL SYSTEMS FOOD PRICES FOOD STAMPS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH ELASTICITY GROWTH PROSPECTS GROWTH RATE GROWTH RATES HEADCOUNT POVERTY HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION PER CAPITA HOUSEHOLD DATA HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL DATA HOUSEHOLD LIVING STANDARDS HOUSEHOLD SURVEY HOUSEHOLD WELFARE HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME GAP INCOME SHOCKS INEQUALITY INSTITUTIONAL DEVELOPMENT INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LABOR MARKET PROGRAMS LIQUIDITY LIVING STANDARD LOANS TO COUNTRIES LOW SHARE LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEAN INCOME MONETARY FUND NATIONAL ACCOUNTS NATIONAL POVERTY NEGATIVE EFFECT NUTRITION OUTPUT GROWTH PER CAPITA CONSUMPTION POLICY MEASURES POLICY RESEARCH POLICY RESPONSES POOR POOR HOUSEHOLDS POVERTY DECLINE POVERTY GAP POVERTY GAP INDEX POVERTY HEADCOUNT INDEX POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASE POVERTY INCREASES POVERTY INDICES POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY LINKAGES POVERTY MEASURES POVERTY PROGRAMS POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY SEVERITY POVERTY STATUS POVERTY THRESHOLD PRIVATE INVESTORS PRO-POOR PURCHASING POWER REDUCTION IN POVERTY REMITTANCE REMITTANCES RISK MANAGEMENT RURAL RURAL POPULATION SAFETY NET SCHOOL ATTENDANCE SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SQUARED POVERTY GAP SQUARED POVERTY GAP INDEX STRUCTURAL REFORMS SUBSISTENCE TARGETING TOTAL POVERTY TOTAL POVERTY LINE TRADING UNEMPLOYMENT URBAN AREAS URBAN WORKERS VULNERABLE HOUSEHOLDS WAGE GROWTH |
| spellingShingle |
ABSOLUTE POVERTY ABSOLUTE POVERTY LINE ACCOUNTING AGGREGATE POVERTY AGRICULTURAL SECTOR ANTI-POVERTY AVERAGE GROWTH CAPITAL FLOWS CHANGES IN POVERTY COMMODITY PRICES CONSUMER CONFIDENCE CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CONSUMPTION GROWTH COUNTRY LEVEL CREDIT GROWTH CREDIT MARKET CURRENCY CURRENT ACCOUNT DEFICIT DATA AVAILABILITY DEBT DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DOMESTIC CREDIT ECONOMIC GROWTH EMPLOYMENT OPPORTUNITIES EXCHANGE RATES EXTREME POVERTY EXTREME POVERTY LINE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL SECTORS FINANCIAL SYSTEMS FOOD PRICES FOOD STAMPS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH ELASTICITY GROWTH PROSPECTS GROWTH RATE GROWTH RATES HEADCOUNT POVERTY HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION PER CAPITA HOUSEHOLD DATA HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL DATA HOUSEHOLD LIVING STANDARDS HOUSEHOLD SURVEY HOUSEHOLD WELFARE HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME GAP INCOME SHOCKS INEQUALITY INSTITUTIONAL DEVELOPMENT INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LABOR MARKET PROGRAMS LIQUIDITY LIVING STANDARD LOANS TO COUNTRIES LOW SHARE LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEAN INCOME MONETARY FUND NATIONAL ACCOUNTS NATIONAL POVERTY NEGATIVE EFFECT NUTRITION OUTPUT GROWTH PER CAPITA CONSUMPTION POLICY MEASURES POLICY RESEARCH POLICY RESPONSES POOR POOR HOUSEHOLDS POVERTY DECLINE POVERTY GAP POVERTY GAP INDEX POVERTY HEADCOUNT INDEX POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASE POVERTY INCREASES POVERTY INDICES POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY LINKAGES POVERTY MEASURES POVERTY PROGRAMS POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY SEVERITY POVERTY STATUS POVERTY THRESHOLD PRIVATE INVESTORS PRO-POOR PURCHASING POWER REDUCTION IN POVERTY REMITTANCE REMITTANCES RISK MANAGEMENT RURAL RURAL POPULATION SAFETY NET SCHOOL ATTENDANCE SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SQUARED POVERTY GAP SQUARED POVERTY GAP INDEX STRUCTURAL REFORMS SUBSISTENCE TARGETING TOTAL POVERTY TOTAL POVERTY LINE TRADING UNEMPLOYMENT URBAN AREAS URBAN WORKERS VULNERABLE HOUSEHOLDS WAGE GROWTH World Bank Bulgaria - Poverty implications of the global financial crisis |
| geographic_facet |
Europe and Central Asia Europe Eastern Europe Bulgaria |
| description |
There are visible signs that the global
financial crisis is affecting economic growth and poverty
reduction in Bulgaria. After a period of strong economic
growth through 2008, Gross Domestic Product (GDP) in 2009 is
projected to shrink by 3.5 percent due to the crisis, with
important implications for poverty. The note identifies the
following channels as having particular relevance for
poverty in Bulgaria: (i) the labor market and (ii) foreign
remittances. Due primarily to its effect on trade and
investment, the global financial crisis could affect
household welfare through contraction in the labor market
and slowdown in wage growth. Remittances from abroad, which
are significant contributor to consumption of nearly 7
percent of the Bulgarian households, are likely to slow down
in 2009. The note estimates the potential impact on poverty
of the crisis. The poverty impact is projected by simulating
the effects of the anticipated slowdown in growth and
remittances on household consumption using data from the
2007 Multitopic Household Survey (MTHS) and macro and
sectoral growth and employment projections. Given
uncertainties regarding the scale of the crisis and how
households are likely to cope, the note is intended to
provide indicative estimates of the poverty impact of the
crisis, rather than precise estimates. |
| format |
Economic & Sector Work :: Other Poverty Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Bulgaria - Poverty implications of
the global financial crisis |
| title_short |
Bulgaria - Poverty implications of
the global financial crisis |
| title_full |
Bulgaria - Poverty implications of
the global financial crisis |
| title_fullStr |
Bulgaria - Poverty implications of
the global financial crisis |
| title_full_unstemmed |
Bulgaria - Poverty implications of
the global financial crisis |
| title_sort |
bulgaria - poverty implications of
the global financial crisis |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100616015131 http://hdl.handle.net/10986/3187 |
| _version_ |
1764386581638021120 |
| spelling |
okr-10986-31872021-04-23T14:02:07Z Bulgaria - Poverty implications of the global financial crisis World Bank ABSOLUTE POVERTY ABSOLUTE POVERTY LINE ACCOUNTING AGGREGATE POVERTY AGRICULTURAL SECTOR ANTI-POVERTY AVERAGE GROWTH CAPITAL FLOWS CHANGES IN POVERTY COMMODITY PRICES CONSUMER CONFIDENCE CONSUMER PRICE INDEX CONSUMPTION EXPENDITURE CONSUMPTION GROWTH COUNTRY LEVEL CREDIT GROWTH CREDIT MARKET CURRENCY CURRENT ACCOUNT DEFICIT DATA AVAILABILITY DEBT DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DEVELOPMENT REPORT DEVELOPMENT RESEARCH DOMESTIC CREDIT ECONOMIC GROWTH EMPLOYMENT OPPORTUNITIES EXCHANGE RATES EXTREME POVERTY EXTREME POVERTY LINE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL SECTORS FINANCIAL SYSTEMS FOOD PRICES FOOD STAMPS FOREIGN CAPITAL FOREIGN DIRECT INVESTMENT GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROWTH ELASTICITY GROWTH PROSPECTS GROWTH RATE GROWTH RATES HEADCOUNT POVERTY HOUSEHOLD CONSUMPTION HOUSEHOLD CONSUMPTION PER CAPITA HOUSEHOLD DATA HOUSEHOLD HEAD HOUSEHOLD INCOME HOUSEHOLD LEVEL DATA HOUSEHOLD LIVING STANDARDS HOUSEHOLD SURVEY HOUSEHOLD WELFARE HUMAN DEVELOPMENT IMPACT ON POVERTY INCIDENCE OF POVERTY INCOME INCOME GAP INCOME SHOCKS INEQUALITY INSTITUTIONAL DEVELOPMENT INVESTOR CONFIDENCE LABOR FORCE LABOR MARKET LABOR MARKET PROGRAMS LIQUIDITY LIVING STANDARD LOANS TO COUNTRIES LOW SHARE LOW-INCOME COUNTRIES MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC STABILITY MEAN INCOME MONETARY FUND NATIONAL ACCOUNTS NATIONAL POVERTY NEGATIVE EFFECT NUTRITION OUTPUT GROWTH PER CAPITA CONSUMPTION POLICY MEASURES POLICY RESEARCH POLICY RESPONSES POOR POOR HOUSEHOLDS POVERTY DECLINE POVERTY GAP POVERTY GAP INDEX POVERTY HEADCOUNT INDEX POVERTY IMPACT POVERTY INCIDENCE POVERTY INCREASE POVERTY INCREASES POVERTY INDICES POVERTY LEVELS POVERTY LINE POVERTY LINES POVERTY LINKAGES POVERTY MEASURES POVERTY PROGRAMS POVERTY RATE POVERTY RATES POVERTY REDUCTION POVERTY SEVERITY POVERTY STATUS POVERTY THRESHOLD PRIVATE INVESTORS PRO-POOR PURCHASING POWER REDUCTION IN POVERTY REMITTANCE REMITTANCES RISK MANAGEMENT RURAL RURAL POPULATION SAFETY NET SCHOOL ATTENDANCE SOCIAL ASSISTANCE SOCIAL PROGRAMS SOCIAL PROTECTION SQUARED POVERTY GAP SQUARED POVERTY GAP INDEX STRUCTURAL REFORMS SUBSISTENCE TARGETING TOTAL POVERTY TOTAL POVERTY LINE TRADING UNEMPLOYMENT URBAN AREAS URBAN WORKERS VULNERABLE HOUSEHOLDS WAGE GROWTH There are visible signs that the global financial crisis is affecting economic growth and poverty reduction in Bulgaria. After a period of strong economic growth through 2008, Gross Domestic Product (GDP) in 2009 is projected to shrink by 3.5 percent due to the crisis, with important implications for poverty. The note identifies the following channels as having particular relevance for poverty in Bulgaria: (i) the labor market and (ii) foreign remittances. Due primarily to its effect on trade and investment, the global financial crisis could affect household welfare through contraction in the labor market and slowdown in wage growth. Remittances from abroad, which are significant contributor to consumption of nearly 7 percent of the Bulgarian households, are likely to slow down in 2009. The note estimates the potential impact on poverty of the crisis. The poverty impact is projected by simulating the effects of the anticipated slowdown in growth and remittances on household consumption using data from the 2007 Multitopic Household Survey (MTHS) and macro and sectoral growth and employment projections. Given uncertainties regarding the scale of the crisis and how households are likely to cope, the note is intended to provide indicative estimates of the poverty impact of the crisis, rather than precise estimates. 2012-03-19T17:26:27Z 2012-03-19T17:26:27Z 2009-05-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100616015131 http://hdl.handle.net/10986/3187 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Other Poverty Study Europe and Central Asia Europe Eastern Europe Bulgaria |