wiiw Forecast Reports
MOLDOVA: Dependent on aid from both East and West
in: No Quick Recovery in Sight, with Coronavirus Risks Looming Large
wiiw Forecast Report No. Autumn 2020, November 2020 , pp. 85-88
The poorest country in Europe also has the highest figures for COVID-19 infections and fatalities in relation to population. Fiscal policy has very limited scope to mitigate the impact of the crisis from the country’s own revenues. The government needs to rely on foreign agencies for financing (although these impose conditions that are difficult to meet) and has to maintain a balanced relationship with Russia and the EU. Economic decline of at least 7% in 2020 will be followed by a slow recovery in coming years.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Moldova