Trade Balance in Moldova
Moldova - Trade BalanceGDP expanded at a softer pace of 8.3% year-on-year in Q3 (Q2: +21.5% yoy), as the industrial sector lost steam amid faltering construction activity. Moreover, retail sales growth ground to a near halt in the quarter, showing a slowdown in private spending growth despite improving labor market conditions. Turning to Q4, available data paints a mixed picture: While decelerating industrial activity and yet another contraction in retail sales in October point to softer domestic demand, sustained export growth bodes well for the external sector. In other news, on 21 December the IMF approved a USD 558.3 million aid package for Moldova, while on 4 January, the European Commission proposed a new macro-financial assistance operation of up to EUR 150 million, cementing Moldova’s pro-Western path.
Moldova - Trade Balance Data
|Trade Balance (USD billion)||-2.1||-2.1||-2.6||-3.3||-3.3|
5 years of economic forecasts for more than 30 economic indicators.
Moldova Trade Balance Chart
Source: National Bureau of Statistics
|Exchange Rate||17.15||0.03 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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