Economic policy of the Donald Trump administration
Morgan Stanley: Trump’s re-election could change the world – The three points to watch
13th evaluation: Positive conclusion – Alarm over uncertainty for inflation
The Commission emphasizes the positive prospects of the economy in its report on the conclusion of the 13th evaluation, while it sees the rise in energy prices as a source of uncertainty. It emphasizes, among other things, that Greece has recovered quickly from the pandemic and the prospects remain strong, although they are subject to high uncertainty.
World Bank Raises Growth Forecast for Bulgaria
The World Bank has raised its forecast for the development of the Bulgarian economy in 2021. Bulgaria's annual GDP is expected to grow by 3.7%. The previous forecast was for growth at the end of 2021 by 2.6%. But the bank emphasizes that the country's return to pre-crisis indicators will take place only in 2022. The expected annual inflation of 3.2% is unchanged.
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Bulgarian National Bank Forecasts GDP Drop at 4,4 Percent Rate for 2020
In its regular quarterly economic review, the Bulgarian National Bank predicts that the country's gross domestic product will register a decrease of 4.4 percent for 2020.
In the previous forecast in September, the expected fall in GDP was 5.5%.
Bulgarians’ Tax Freedom Day Falls on May 20 in 2021
Bulgarians will work for the State for nearly 140 days in 2021, and the tax freedom day will not come until the end of May.
This year it falls on May 20, which is the latest date for tax freedom in more than 10 years. Traditionally, Tax Freedom Day is calculated by the Institute for Market Economics.
In 2020 tax freedom day was on May 15, and in 2019 - 18 May.
Turkey's current account balance sees $273 mln gap in October
Turkey's current account balance posted a deficit of $273 million in October, bringing 12-month rolling deficit to $33.79 billion, the Turkish Central Bank revealed on Dec. 11.
The figure was a $2.74-billion surplus in the same month last year, while it was down from $1.8 billion deficit previous month, the bank said.
Mexico vows to impose tariffs if Trump presses wall payment
Mexico's foreign minister has warned the United States that his country will impose tariffs on U.S. products if President Donald Trump taxes Mexican imports to finance a border wall.
"If Mexico is faced with this as a reality, not a rhetorical threat... the Mexican government will have to respond," Foreign Minister Luis Videgaray told Radio Formula on Feb. 24.