Economic Growth: How is It Perceived by Consumers and Businesses?

Publishing date: Thursday, 22 December 2011
Views: 5019

Economic Commentary, no. 128

Moldova successfully recovers for the second year in a row from the effects of economic crisis, if to judge by GDP growth data. However, statistics do not always take into account the impact of economic crisis on population and business environment. Indeed, sometimes the GDP figures reflects ‘average temperature in the hospital’ rather than a clear assessment of the general state of the economy. Therefore, the use of additional indicators such as the Consumer Confidence Index and the Business Confidence Index is a relevant and useful method for understanding the impact of growth on welfare and for anticipating short-term developments in the economy.

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