Moldova Economic Outlook
October 2, 2018Recently-released GDP data revealed that the economy shifted into a higher gear in Q2, with annual growth climbing from 3.7% in Q1 to 5.2% on the back of buoyant domestic demand. Although private consumption growth moderated slightly, the rate of expansion in capital spending more than doubled compared to Q1. Available data for Q3 paints a mixed picture, however. Industrial production grew at the weakest annual pace so far this year in July, while retail sales surged despite the continued decline in credit provision and increased inflationary pressures. Meanwhile, on 24 September, the Constitutional Court temporarily stripped Igor Dodon, Moldova’s pro-Russian president, of his powers for refusing to approve new ministers set forth by the pro-Western ruling coalition.
Moldova Economic GrowthStrong private consumption, buoyed by sturdy wage growth and continued inflow of worker remittances, should underpin economic growth next year. A widening current account deficit and a weak financial sector pose downside risks to the outlook, however. Met the why particular panelists see GDP growing 3.9% in 2018 and 4.0% in 2019, which is up 0.1 percentage points from last month’s forecast.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
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|Exchange Rate||16.94||0.03 %||Oct 12|
|Stock Market||0.1||0.0 %||Oct 12|
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