Moldova Economic Outlook
November 30, 2021Available indicators suggest that economic growth eased in the third quarter. A significantly softer expansion in retail sales, against the backdrop of rising inflation in the quarter, hints at weakened household spending. Moreover, a milder rise in industrial output and a marked slowdown in merchandise import growth suggest that domestic demand faltered in the period. More positively, a stronger increase in merchandise exports over the prior quarter will have buoyed the external sector. Turning to Q4, a deal with Gazprom struck in early November, coupled with a disbursement of EUR 70 million for debt repayments to the Russian gas company, will have somewhat eased fears over gas supply shortages. Meanwhile, on 15 November the country joined the EU Covid-19 digital certificate scheme, facilitating travel to and from associated countries, which bodes well for tourism activity.
Moldova Economic GrowthThe economy is seen growing at a healthy pace in 2022, in line with recovering activity, enabled by the eventual lifting of Covid-19 restrictions. Moreover, vaccination progress in key trading partners should spur foreign demand and inflows of remittances, notably from Russia. Further Covid-19 flare-ups pose a key downside risk to the outlook. FocusEconomics panelists see GDP growing 4.6% in 2022, which is down 0.2 percentage points from last month’s forecast, and 4.2% in 2023.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
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|Exchange Rate||17.15||0.03 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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