bulgariarecession

In most recent years a famous graph, showing how deep the recession is in the UK and what is the path of recovery, appeared periodically. The graph is made by the National Institute of Economic and Social Research (NIESR) and compares the profile of the worst recessions in the UK over the past 100 years. The graph clearly shows that the last economic decline from 2008 is the longest of all compared episodes and that…

recesia

Marshall is coming back to Europe, where British argue with French about banking rules and Greeks want to place mines on the borders. Even though a new wave of recession is flooding Europe, rating agencies turned gentlemen  and raised a couple of ratings. Fiscal pact hasn’t properly cooled down yet and there is already anti-austerity mood in Europe, not only among demonstrating people but also among politicians. Maybe it is because of the level of unemployment in…

IME

The Institute for Market Economics (IME) presented its view on the performance of the economy, putting the focus on the labor market and the job creation in a time of crisis. The latest data from Eurostat shows that more and more European countries are again in a recession and that Bulgarian growth is weakening in the end of 2011. It seems that Bulgaria is also heading towards a recession in 2012. The labor market is…