Moldova Economic Outlook
October 4, 2016The economy accelerated to a 1.8% year-on-year increase in Q2 from a 0.8% expansion in Q1. Q2’s acceleration was mainly driven by rising household consumption, which boosted growth in the wholesale and retail sector and in the IT and communications sector. In other news, on 27 September, the Central Bank announced that its ongoing investigation over the disappearance of USD 1 billion from Moldova’s banking sector had identified more than USD 600 million “dissipated” in overseas jurisdictions. On the same day, the opposition submitted a no-confidence motion against the government for its plan to issue a USD 607 million bond to raise funds to repay emergency loans to rescued banks, which is a precondition to obtain a loan from the IMF. The parliament is due to vote on the motion on 6 October, ahead of the 30 October presidential elections.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Exchange Rate||20.00||0.08 %||Oct 25|
Moldova Economic Growth
October 4, 2016Q2’s GDP acceleration suggests that the economy is in better shape, but political instability poses a downside risk to Moldavia’s outlook. Analysts predict the economy will grow 0.9% in 2016, which is up 0.1 percentage points from last month’s forecast, and they expect it to grow 3.3% in 2017.