Moldova Economic Outlook
November 27, 2018Growth likely remained firm in the third quarter, supported by a flourishing tourism sector. Moreover, retail sales grew at a slightly faster pace, on average, in Q3 compared to the previous quarter as moderating inflationary pressures boosted households’ purchasing power. Healthy remittance inflows also likely buoyed private consumption. A fall in export growth and a marked deterioration in the industrial sector, however, suggest the economy expanded at a more moderate pace in the third quarter compared to the second. On 20 November, Moldova’s Central Bank Governor Sergiu Cioclea resigned, citing that the country had returned to financial stability after enacting difficult reforms.
Moldova Economic GrowthThe economy is expected to grow at a strong pace again next year thanks to healthy private consumption, supported by a tight labor market, robust remittance inflows and the country’s thriving tourism sector. However, a widening current account deficit poses downside risks to the outlook. Met the why particular panelists see GDP growing 3.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and 4.1% in 2020.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
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|Exchange Rate||17.18||0.03 %||Dec 11|
|Stock Market||0.1||0.0 %||Nov 26|
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