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The “Economic Monitor Moldova” provides an overview over the most important economic indicators and also offers an assessment of current topics by the German Economic Team (GET) Moldova.

Overview:

• Economic growth at 3.5% in 2017;
• Weaker growth of 3.0% expected in 2018 due to decreased consumption demand;
• Inflation at 6.6% in average during 2017; lower forecast for 2018;
• Appreciation of the Leu reflects macroeconomic stability and positive economic situation;
• Very good performance of external trade during 2017; two-digit increase in imports and exports;
• Budget deficit at 3.1% of GDP in 2017; lower than expected due to increased revenues.

Topics:

• Banking sector. Stabilisation reached after banking fraud, crediting of the private sector still decreasing;
• Foreign direct investment. Role of FDI for the economy so far underestimated, as a study of GET Moldova has shown;
• Economic reforms. Comprehensive reforms to be assessed positively; too early for final assessment;
• Increasing tax revenues. Increase in tax revenues can at least partly be attributed to reforms; positive example for structural reforms.