Macroeconomic Forecast Macroeconomic Forecasts - Moldova

March 2008 | Macroeconomic Forecasts

Moldovan economic growth slowed to 3.0% in 2007, down from 4.0% a year earlier. Poor performance in the key agricultural sector was the main factor with production impacted by the drought which affected harvests throughout the south-east Europe region. Despite the low outturn in 2007, we maintain our forecast for 4.6% real GDP expansion in 2008. The agricultural sector should receive a boost from the lifting of the Russian trade embargo on Moldovan wine, while high global soft commodity prices should improve the sector's profitability.

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