Moldova Economic Outlook
February 26, 2019The absence of a clear winner in the general election held on 24 February has hurled the nation into political uncertainty. The pro-Russia Socialist Party secured the greatest number of seats, but fell short of a majority win, while the remainder of the votes were largely split between the ruling pro-Western Democratic Party, and ACUM—a political bloc rallying against corruption. With the ballot marred by a myriad of controversies—from vote-buying allegations to meddling by Moscow—coalition talks are likely to be tough. Consequently, the future of economic policy is uncertain, following a likely deceleration in H2 2018. While easing credit conditions and solid remittance inflows supported private spending, growth likely cooled in the second half on a deterioration in the country’s external position.
Moldova Economic GrowthGrowth is set to lose pace this year on a slowdown in exports, owing to a more challenging trade environment. Moreover, downside risks stem from prolonged political deadlock and the associated hit to investor confidence. FocusEconomics panelists see GDP growing 3.6% in 2019, which is unchanged 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.
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|Exchange Rate||17.24||0.03 %||Mar 20|
|Stock Market||0.1||0.0 %||Nov 26|
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