wiiw Forecast Reports

MOLDOVA: Recovery depends on weather conditions and foreign assistance


Gabor Hunya

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 84-87

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The energy crisis, soaring inflation and extreme drought were the main reasons for the economic contraction in 2022 (GDP down by 5.9%). There should be an improvement across the board in 2023, thanks to elevated external assistance, rapid structural adjustment and better weather conditions (GDP to rise by 3.5%). In the absence of negative external shocks, and with determined efforts to foster EU integration, the economy will grow by about 4% in the coming years.


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

Countries covered: Moldova