Bulgaria Food & Drink Report Q4 2012 - New Market Report Now Available
We see little reason to change our pessimistic outlook for the Bulgarian consumer over the remainder of the year. We reiterate our 2012 private consumption growth forecast of 0.4%, with a 1.0% growth expected in 2013. In Q112, private consumption increased by a mere 1.0% year-on-year (y-o-y), dragged down by elevated unemployment and a harder-to-come-by consumer. In fact, retail sales remain in the negative territory, and we see little scope for a pickup in the coming months. In addition, declining...
View full press release