Bulgaria - Poverty implications of the global financial crisis

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dc.creatorWorld Bank
dc.date2012-03-19T17:26:27Z
dc.date2012-03-19T17:26:27Z
dc.date2009-05-01
dc.date.accessioned2026-07-01T01:14:29Z
dc.descriptionThere 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.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333037_20100616015131
dc.identifierhttps://hdl.handle.net/10986/3187
dc.identifierhttps://doi.org/10.1596/3187
dc.identifier.urihttp://hdl.handle.net/123456789/416397
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectABSOLUTE POVERTY
dc.subjectABSOLUTE POVERTY LINE
dc.subjectACCOUNTING
dc.subjectAGGREGATE POVERTY
dc.subjectAGRICULTURAL SECTOR
dc.subjectANTI-POVERTY
dc.subjectAVERAGE GROWTH
dc.subjectCAPITAL FLOWS
dc.subjectCHANGES IN POVERTY
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMER CONFIDENCE
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION EXPENDITURE
dc.subjectCONSUMPTION GROWTH
dc.subjectCOUNTRY LEVEL
dc.subjectCREDIT GROWTH
dc.subjectCREDIT MARKET
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDATA AVAILABILITY
dc.subjectDEBT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDEVELOPMENT REPORT
dc.subjectDEVELOPMENT RESEARCH
dc.subjectDOMESTIC CREDIT
dc.subjectECONOMIC GROWTH
dc.subjectEMPLOYMENT OPPORTUNITIES
dc.subjectEXCHANGE RATES
dc.subjectEXTREME POVERTY
dc.subjectEXTREME POVERTY LINE
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SYSTEMS
dc.subjectFOOD PRICES
dc.subjectFOOD STAMPS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH ELASTICITY
dc.subjectGROWTH PROSPECTS
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEADCOUNT POVERTY
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD CONSUMPTION PER CAPITA
dc.subjectHOUSEHOLD DATA
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD LEVEL DATA
dc.subjectHOUSEHOLD LIVING STANDARDS
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD WELFARE
dc.subjectHUMAN DEVELOPMENT
dc.subjectIMPACT ON POVERTY
dc.subjectINCIDENCE OF POVERTY
dc.subjectINCOME
dc.subjectINCOME GAP
dc.subjectINCOME SHOCKS
dc.subjectINEQUALITY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINVESTOR CONFIDENCE
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET PROGRAMS
dc.subjectLIQUIDITY
dc.subjectLIVING STANDARD
dc.subjectLOANS TO COUNTRIES
dc.subjectLOW SHARE
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC STABILITY
dc.subjectMEAN INCOME
dc.subjectMONETARY FUND
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL POVERTY
dc.subjectNEGATIVE EFFECT
dc.subjectNUTRITION
dc.subjectOUTPUT GROWTH
dc.subjectPER CAPITA CONSUMPTION
dc.subjectPOLICY MEASURES
dc.subjectPOLICY RESEARCH
dc.subjectPOLICY RESPONSES
dc.subjectPOOR
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY DECLINE
dc.subjectPOVERTY GAP
dc.subjectPOVERTY GAP INDEX
dc.subjectPOVERTY HEADCOUNT INDEX
dc.subjectPOVERTY IMPACT
dc.subjectPOVERTY INCIDENCE
dc.subjectPOVERTY INCREASE
dc.subjectPOVERTY INCREASES
dc.subjectPOVERTY INDICES
dc.subjectPOVERTY LEVELS
dc.subjectPOVERTY LINE
dc.subjectPOVERTY LINES
dc.subjectPOVERTY LINKAGES
dc.subjectPOVERTY MEASURES
dc.subjectPOVERTY PROGRAMS
dc.subjectPOVERTY RATE
dc.subjectPOVERTY RATES
dc.subjectPOVERTY REDUCTION
dc.subjectPOVERTY SEVERITY
dc.subjectPOVERTY STATUS
dc.subjectPOVERTY THRESHOLD
dc.subjectPRIVATE INVESTORS
dc.subjectPRO-POOR
dc.subjectPURCHASING POWER
dc.subjectREDUCTION IN POVERTY
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRISK MANAGEMENT
dc.subjectRURAL
dc.subjectRURAL POPULATION
dc.subjectSAFETY NET
dc.subjectSCHOOL ATTENDANCE
dc.subjectSOCIAL ASSISTANCE
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIAL PROTECTION
dc.subjectSQUARED POVERTY GAP
dc.subjectSQUARED POVERTY GAP INDEX
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUBSISTENCE
dc.subjectTARGETING
dc.subjectTOTAL POVERTY
dc.subjectTOTAL POVERTY LINE
dc.subjectTRADING
dc.subjectUNEMPLOYMENT
dc.subjectURBAN AREAS
dc.subjectURBAN WORKERS
dc.subjectVULNERABLE HOUSEHOLDS
dc.subjectWAGE GROWTH
dc.titleBulgaria - Poverty implications of the global financial crisis

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