Moldova Economic Outlook
July 3, 2018The economy lost traction in the first quarter, with annual GDP growth slowing to 3.7% from 6.4% in the previous quarter. Growth in Q1 was underpinned primarily by a surge in household consumption, thanks to a strong upturn in average real incomes and easing credit conditions amid subdued inflation. Fixed investment also rose at a strong pace. Moreover, exports continued to climb more rapidly than imports. Meanwhile, data for the outset of Q2 was upbeat and suggests that the economy picked up speed: Industrial production and retail sales surged in April, while exports grew at twice the pace of imports in the month.
Moldova Economic GrowthGrowth should remain resilient on the back of a healthy expansion in private consumption, supported by high remittance inflows and moderating inflationary pressures. Risks to the outlook continue to stem from the large volume of non-performing loans in the banking system, although reforms are underway to revamp the sector. FocusEconomics panelists see GDP growing 3.8% in 2018, which is unchanged from last month’s forecast, and 3.9% in 2019.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
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|Exchange Rate||16.70||0.03 %||Jul 13|
|Stock Market||0.1||0.0 %||Jul 13|
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