Bulgaria: Dire Sales Data Reflective Of Collapsing Demand

May 2009
Emerging Markets Monitor;5/18/2009, Vol. 15 Issue 7, p14
Country Report
The article presents an outlook for the Bulgarian economy as of May 2009. It is anticipated that economic growth in the first quarter of 2009 would undershoot the 0.5 percent year-on-year forecast by the Economy Ministry. The dire state of the retail sector is cited as an indication that the growth cycle has ultimately lost its momentum.


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