Economic stagnation in the Eurozone and USA to have negative impact on Bulgaria

Economic stagnation in the Eurozone and USA to have negative impact on Bulgaria

Bulgaria's economy might be negatively influenced by the debt crisis in Europe and the USA, economic experts told the Bulgarian National Radio.

According to Ruslan Stefanov, economic analyst from the Center for Studying Democracy, the downgrading of the US' credit rating by Standard and Poors' will cause instability in international markets. In his opinion, this brings serious insecurity to Bulgarian economy and might lead to reduced consumption and investments.

Economic expert Lachezar Bognadov from Industry Watch expects a higher inflation globally and tighter measures in the financial sector, which means shrinking credits and soaring interest rates. He also stated that the stagnation in the economies of the Eurozone and US will surely have a negative impact on Bulgaria.

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