Bulgaria’s Economy Expanded for 11th Quarter on Domestic Demand
This article is for subscribers only.
Bulgaria’s economy expanded for an 11th quarter as rising domestic demand offset a drop in exports to European nations struggling to emerge from the debt crisis.
Gross domestic product rose 0.4 percent in the first quarter from a year earlier, compared with a revised 0.6 percent increase in the previous three months, the Sofia-based Statistics Institute said today in a preliminary estimate. The median estimate of three economists surveyed by Bloomberg was 0.6 percent. Seasonally adjusted GDP advanced 0.1 percent from the previous quarter.