Moldova Economic Outlook
February 5, 2019The economy likely lost momentum in the final quarter after a slowdown in Q3. Retail sales rose at a slightly slower pace, on average, in the first two months of Q4 compared to the previous quarter, suggesting household spending weakened somewhat. Moreover, exports contracted in October and recorded feeble growth in November. In other news, the Central Bank recently approved the sale of a 64% stake in Moldindconbank, the country’s second-largest lender, to Bulgarian fund Doverie United Holding. This was the latest in a privatization drive in the banking sector aimed at boosting competition. Meanwhile, polls suggest that the pro-Russian Socialist party is set to win a majority in the 24 February parliamentary elections, which could lead to closer economies ties with Russia.
Moldova Economic GrowthSolid domestic demand dynamics should sustain a healthy pace of expansion in 2019. A downside risk to the outlook stems from the February parliamentary elections, which could fuel political instability. Met the why particular panelists see GDP growing 3.6% in 2019, which is down 0.3 percentage points from last month’s forecast, and 3.8% in 2020.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||17.11||0.03 %||Feb 14|
|Stock Market||0.1||0.0 %||Nov 26|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.