2014-03-17 05:27:01 - Bulgaria Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
Political instability in Bulgaria will continue to stifle private consumption and investment, weighing on headline growth through 2014. Despite government expenditure and a positive contribution from net exports propping up economic activity, real GDP growth will reach just 0.5% and 1.5% in 2013 and 2014 respectively. We expect a slow rebound in household consumption, with growth to reach just 1.0% in 2014; this will have subsequent implications for food and drink spending.
Headline Industry Data (local currency):
2013 food consumption growth: +0.9%; forecast compound annual growth rate (CAGR) 2013 to 2017: +1.3%.
2013 alcoholic drinks sales growth: +1.4%; forecast CAGR 2013 to 2017: +3.4%.
2013 soft drinks sales growth: +4.4%; forecast CAGR 2013 to 2017: +2.7%.
2013 mass grocery retail sales growth: +1.7%; forecast CAGR
2013 to 2017: +2.6%.
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