BMI View: Recent political instability in Bulgaria has prompted us to downgrade our 2013 real GDP growth projection to 0.5%, from 1.5% previously. Ongoing commitment to fiscal consolidation and a fixed exchange rate will compound the impact of weaker private consumption and investment, dampening hope of a near-term economic recovery. Headline Industry Data (local currency) ? 2013 per capita food consumption growth: +2.25%; forecast compound annual growth rate (CAGR) to 2017: +2.65%. ? 2013 alcoholic drinks sales growth: +4.0%; forecast CAGR to 2017: +5.12%. ? 2013 soft drinks sales growth: +6.27%; forecast CAGR to 2017: +4.18%. ? 2013 mass grocery …
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