wiiw Forecast Reports

MOLDOVA: From boom to bust

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Gabor Hunya

in: Overshadowed by War and Sanctions
wiiw Forecast Report No. Spring 2022, April 2022 , pp. 87-90

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After the boom fuelled by a bumper harvest in 2021, Moldova is facing negative growth in 2022. Soaring inflation – and especially the energy price shock – is hitting both consumption and production. The disruption to trade links with Russia and Ukraine is affecting production and causing a temporary shortage of basic goods. The country is providing refuge for many people who have fled Ukraine, which adds to demand. Generous Western aid and political support are crucial for the necessary economic adjustments.

 

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

Countries covered: Moldova


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