State of Country Report 2014

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Publishing date: Tuesday, 21 October 2014
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In 2013, the Republic of Moldova experienced an impressive economic performance: the 8.9% growth in the gross domestic product (GDP) was the highest in its modern history and places the country as one of the best economic performers in the region.

Nevertheless, this improvement was primarily due to cyclical factors (recovery in the agricultural sector after the severe drought of 2012), with limited progress taking place regarding the main driving engines of economic growth. Investment activity and exports remained tepid, while the employment rate was low, revealing that the Moldovan economy reflects an unsustainable and non-inclusive development model.

 

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