New Report Available: Bulgaria Retail Report Q2 2014
We have made a modest downward revision to our forecast for total Bulgarian household spending to 2018. Having forecast growth of 23.9% last quarter, we now expect total spending growth of 22.6% to BGN59bn. A relatively immature retail sector will continue to provide investors with opportunities to secure 'catch-up' growth, while February retail sales data also provides cause for optimism, and as such, risks to our retail forecasts are weighted to the upside. Nonetheless, a modest economic growth forecast for...
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