Economists: Crisis is like swine flu – primarily affects young

The economic crisis in Bulgaria as a new virus, swine influenza – primarily affects young people, but at least its victims are pensioners. That said Georgi Stoychev from the Open Society Institute of the discussion of the economic crisis in our country. In his words – people perceived mainly as a political crisis because it considered more important. Nearly 56 percent of Bulgarians are affected by the crisis, according to a survey of the institute. However, the number of optimists is increasing, yet economists say.
Study was carried out with a sample of 1200 people and covers the month of February, June and October 2008 and March, May and October 2009-a. The results indicate that the most severely affected by the crisis are active people – between 30 and 60 years, and at least pensioners and people over 60 years. The main effect of the crisis is reflected in the increase in unemployment, but according to George Stoichev peak has passed.
Currently confidence in the banking system and currency board is stable. According Lachezar Bogdanov from „Industry Watch“ The problem is not lack of lending by banks and a lack of investors who will be credited. He described Budget 2010 as „the largest in modern history of Bulgaria, as it pledged to most cost.
Georgi Angelov of the Open Society Institute also supported this view. And he predicted a gradual improvement in exports next year. George Prohaski by the Center for Economic Development even commented that the most affected by the economic crisis is the business, but so far his words are not expected mass bankruptcies.
Georgi Ganev from the Center for Liberal Strategies said that Bulgaria is in a unique position because for the first time in 130 years since our country has a chance to completely emerge from the crisis itself.

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Finance