{"id":437564,"date":"2015-11-06T16:20:11","date_gmt":"2015-11-06T14:20:11","guid":{"rendered":"http:\/\/www.moldova.org\/?p=437564"},"modified":"2015-11-06T16:20:11","modified_gmt":"2015-11-06T14:20:11","slug":"ebrd-moldova-in-2-contraction-in-2015-and-stagnation-in-2016","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/ebrd-moldova-in-2-contraction-in-2015-and-stagnation-in-2016\/","title":{"rendered":"EBRD: Moldova in 2% contraction in 2015 and stagnation in 2016"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The European Bank for Reconstruction and Development (EBRD) estimates a contraction of Moldova’s economy by 2% by the end of 2015 and a severe stagnation in 2016 in its latest Regional Economic Prospects report for November<\/a>. <\/p>\n

We retain our Moldova GDP growth forecast at -2 per cent in 2015 and downgrade it to zero per cent in 2016.<\/p><\/blockquote>\n

According to EBRD, the economic growth decelerated from 4,6% in 2014 to 3,6% in 2015 and there are still dangers for the growth of the Moldovan economy. EBRD stresses that there are big risks for the stagnation to happen: <\/p>\n

Risks for the remainder of 2015 are clearly tilted to the downside due to many factors, including: significant vulnerabilities in the financial sector, lower remittances, tight monetary policy, higher inflation, weak performance of agriculture, regional economic downturn, challenges in budget execution due to lower external financial assistance, volatile domestic politics and substantial governance challenges.<\/p><\/blockquote>\n

The economy is going to going to be downgraded especially because of the instability in the financial system and the rising of public debt from 30% in 2014 up to 50% by the end of 2015. The main reason for this situation is huge financial hole done for closing the three corrupt banks, where the famous billion (euros or US dollars, who knows) was stolen from.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>The European Bank for Reconstruction and Development (EBRD) estimates a contraction of Moldova’s economy by 2% by the end of 2015 and a severe stagnation in 2016 in its latest Regional Economic Prospects report for November. We retain our Moldova GDP growth forecast at -2 per cent in 2015 and downgrade it to zero per […]<\/p>\n","protected":false},"author":6,"featured_media":267272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,6],"tags":[],"class_list":["post-437564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-important-en"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The European Bank for Reconstruction and Development (EBRD) estimates a contraction of Moldova’s economy by 2% by the end of 2015 and a severe stagnation in 2016 in its latest Regional Economic Prospects report for November<\/a>. <\/p>\n

We retain our Moldova GDP growth forecast at -2 per cent in 2015 and downgrade it to zero per cent in 2016.<\/p><\/blockquote>\n

According to EBRD, the economic growth decelerated from 4,6% in 2014 to 3,6% in 2015 and there are still dangers for the growth of the Moldovan economy. EBRD stresses that there are big risks for the stagnation to happen: <\/p>\n

Risks for the remainder of 2015 are clearly tilted to the downside due to many factors, including: significant vulnerabilities in the financial sector, lower remittances, tight monetary policy, higher inflation, weak performance of agriculture, regional economic downturn, challenges in budget execution due to lower external financial assistance, volatile domestic politics and substantial governance challenges.<\/p><\/blockquote>\n

The economy is going to going to be downgraded especially because of the instability in the financial system and the rising of public debt from 30% in 2014 up to 50% by the end of 2015. The main reason for this situation is huge financial hole done for closing the three corrupt banks, where the famous billion (euros or US dollars, who knows) was stolen from.<\/p>\n

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