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Bulgarian Economy Stalls In Q1

5/15/2012 4:25 AM ET

The Bulgarian economy stagnated in the first quarter, after expanding modestly in the previous quarter, data released by the National Statistical Institute showed Tuesday.

Gross domestic product (GDP) remained unchanged quarter-over-quarter in the first quarter, after rising 0.1 percent in the previous two quarters.

Final consumption expenditure rose 0.2 percent sequentially, while gross fixed capital formation advanced 2.5 percent during the quarter.

Year-on-year, the economy expanded at a slower rate of 0.5 percent during the three-month period than the previous month's 0.9 percent growth.

by RTT Staff Writer

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