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.
- 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.
- 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.