The Bulgarian economy recorded a modest growth rate of 0.1% q/q in Q1, thus matching the momentum seen in the preceding three quarters. Improvements in external demand have been sluggish and are yet to translate into a healthier domestic economy. Net trade has been eroded by imports growth outstripping exports as consumer spending has continued to gain momentum. In addition, anti-corruption protests following the May general election pose risk for business investment just when it started to recover, although they are at the same a sign of the maturing civil society-a fundamental ingredient of advanced economic development.
Source : Cushman & Wakefield