Macroeconomic Forecast Moldova

GDP growth eased somewhat in Q211, coming in at a still-impressive 7.5% y-o-y, compared to 8.2% in the first quarter of the year. According to data from the national statistics office, domestic demand was strong, with private consumption up 9.1% and gross fixed capital formation up 26.4%. Meanwhile, export growth at 39.1% y-o-y outpaced that of imports (24.7%). We retain out full-year forecast of 5.3%, though acknowledge the growing risk that this could be a conservative

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