Moldova Economic Outlook
October 1, 2019The economy grew 5.8% on an annual basis in the second quarter, marking the highest reading in one-and-a-half years (Q1: +4.4% year-on-year) according to official data. Notably, fixed investment soared on the back of buoyant construction activity, while household spending edged up modestly amid higher inflation. Exports, meanwhile, halved in Q2 on muted good shipments. Turning to the third quarter, available data presents a mixed bag. On the one hand, industrial production rebounded in January–July thanks to a recovery in manufacturing, while merchandise exports picked up, despite lackluster European demand. On the other hand, retail sales contracted in the same period, amid intensifying price pressures, signaling souring consumption at Q3’s outset.
Moldova Economic GrowthGrowth is projected to decelerate this year on moderating domestic demand. Next year growth is seen stable, supported by healthy public expenditure as ongoing amendments to the tax code boost government revenue. Renewed escalation of political tensions and spillover from regional and global trade tension pose risks to the outlook. FocusEconomics panelists see GDP growing 3.8% in 2019 and 3.8% again in 2020, which is up 0.1 percentage points from last month’s forecast.
Moldova Economy Data
5 years of Moldova economic forecasts for more than 30 economic indicators.
Get a sample report showing our regional, country and commodities data and analysis.
|Exchange Rate||17.82||0.03 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.