Economic Reality, No. 5
Automatically translated summary. The full text is available in Romanian.
The fifth issue of Economic Reality, published by the Independent Think Tank “Expert-Grup” in Chișinău, reviews how the Moldovan economy performed in the first half of 2008. It describes a mixed picture in which positive trends were overlaid by negative ones and clear risks.
The real sector is trying to recover from the double crisis of 2007, caused by drought and the Russian trade embargo. GDP grew by 4.3% in the first quarter.
Rising prices combined with the appreciation of the national currency were the main headache for producers, the population and the authorities in the first half of the year. The National Bank of Moldova's anti-inflation instruments have an adverse effect on producers who need short-term credit. The issue covers these and other challenges of the period.
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