Macroeconomic Forecast Moldova

BMI View: We have extended our forecast period to 2008, and foresee the macroeconomic outlook for Moldova improving after 2006, with growth recovering nearer 5%, an appreciating currency, and an improved external position from this year's double-digit shortfall. Our core scenario foresees a resolution to the Russian wine embargo, although the strength of gas price hikes in 2007 and 2008 will be key to the economy's performance going forward.

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