Moldovan economy has exceeded the Governmental, IMF and our own expectations in the last quarter of 2009, declining in the fourth quarter by 2.4% y-o-y, which is still a much lower indicator than in the first three quarters of the year. This was primarily determined by a moderate stabilization of remittances, influencing the households’ consumption, as well as by stabilizing investments. Nevertheless, in the short-run it will be impossible to change the model of economic growth in Moldova, the final consumption expected to remain the main engine of economic growth.
Real Economy, no.13
Publishing date:
Thursday, 15 April 2010
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