wiiw Forecast Reports

MOLDOVA: Cumbersome recovery from deep recession

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Gabor Hunya

in: Darkest before the dawn?
wiiw Forecast Report No. Spring 2021, April 2021 , pp. 94-97

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The 7% drop in GDP in 2020 was mainly the result of contracting household demand and an extremely bad harvest. Official employment and unemployment both declined, as people were forced into irregular work. Economic growth will resume in 2021 (+4%), but slow progress in vaccination will delay a full recovery to the pre-crisis level. Surprisingly low inflation will not be sustainable once the economy starts growing.

 

Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Moldova


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