NORDSCI Conference proceedings 2022, Book 2

Economics and Tourism

BULGARIA AFTER COVID-19 (ECONOMIC AND SOCIAL CONSEQUENCES)

Chief Assist. Dr. Sabrina Kalinkova

ABSTRACT

The idea of the constant complication of economic systems and the emergence (respectively the impact) of unknown and unpredictable factors is repeatedly touched upon in economic theory. 2019 fully proved these postulates. Originally introduced in China, COVID-19 quickly spread around the world, with many economic and social consequences. This article focuses on the study of these consequences in terms of key economic and social indicators, and will not focus on the worst consequence - lost human lives. The monthly data for Bulgaria and the European Union as a whole will be analyzed and compared. The main goal of the study is to assess the state and potential for future development of the Bulgarian economy after the crisis.

KEYWORDS

COVID-19 consequences, Bulgarian economy, development potential, social impact, economic results

REFERENCE

NORDSCI Conference proceedings 2022, Book 2,Volume 5, ISSN 2603-4107, ISBN 978-619-7495-30-0, DOI paper 10.32008/NORDSCI2022/B2/V5/06, Pages 73 - 84 pp