Top 5 most important positive and negative economic and social developments of 2022, and challenges for 2023
Automatically translated summary. The full text is available in Romanian.
Independent Think Tank “Expert-Grup” reviews the five most important positive and negative economic and social developments in the Republic of Moldova in 2022 and outlines the main challenges the country faces in 2023, against the background of the war in Ukraine and the energy crisis.
The top positive developments of 2022 were EU candidate status, which placed Moldova within the European Enlargement Policy; increased external financial support; stronger support mechanisms for vulnerable groups and firms alongside efforts to formalise the economy; the management of the refugee crisis; and the first genuine agenda to strengthen energy security.
The negative trends were stagflation, rising poverty and inequality, chronic budget deficits, slow systemic reforms and weaker investment. Reforms were hampered by successive shocks, limited institutional capacity and the system’s resistance to change. In 2023, challenges include the continuing war in Ukraine, problematic budget execution with a high planned deficit and unsustainable financing, electoral populism before the local elections, emigration and disinvestment, and a possible new wave of energy price rises.
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