Moldova Economic Outlook
February 6, 2018Recent data suggests economic growth in the final quarter overshot the third quarter’s marked upturn. Industrial output expanded at a stellar pace in November, albeit moderating slightly from October’s 18-month high. Average annual growth in industrial production in the first two months of the fourth quarter beat the previous quarter’s average. Exports rose 18.4% year-on-year in the January–November period, helping narrow the trade deficit in annual terms. Retail sales picked up in November as moderating inflationary pressures boosted households’ real purchasing power, and the contraction in credit eased throughout the quarter.
Moldova Economic GrowthFalling inflationary pressures should help prop up private consumption, which along with healthy remittance inflows and strong export growth, should help accelerate the economic recovery. However, tackling the banking sector’s bulk of non-performing loans and restoring private sector credit growth will be critical to improving the long-term economic picture. FocusEconomics panelists project the economy will grow 3.9% in 2018, which is unchanged from last month’s forecast, and 4.1% in 2019.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
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|Exchange Rate||16.59||0.03 %||Feb 20|
|Stock Market||0.1||0.0 %||Feb 20|
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