Moldovan government expects 6% real GDP growth in 2021 after 7% decline in 2020.
This is stated in the report of the Ministry of Finance on the execution of the national public budget in H1 2021. The document notes that after a difficult 2020, when the Moldovan economy suffered greatly due to a severe drought and the pandemic crisis, the evolution in the main sectors of the economy in January-June of this year reflects positive signals of national economy’s recovery, and after a 7% decline in 2021, the economy began to gradually recover. Real GDP growth is expected to be 6% in 2021. In Q1 2021, the gross domestic product registered an increase of 1.8%, and in H1 2021 it increased by 11.7%, amounting to 104.2 billion lei. This growth was recorded against the backdrop of a recovery in domestic and foreign demand, a revival of economic and investment activity, and an increase in the volume of trade transactions. After the improvement of the epidemiological situation in the partner countries, activity in Moldova was restored in sectors dependent on external demand - processing industry, export of goods and services. At the same time, as noted by the Ministry of Finance, given that the evolution of the pandemic is uncertain, the risks of introducing a system of more stringent measures to protect the population and prevent the spread of COVID-19 remain, which will have an additional impact on the economy. // 23.09.2021 - InfoMarket.
