Real Economy, no.13

Moldovan economy has exceeded the Governmental, IMF and our own expectations in the last quarter of 2009, declining in the fourth quarter by 2.4% y-o-y, which is still a much lower indicator than in the first three quarters of the year. This was primarily determined by a moderate stabilization of remittances, influencing the households’ consumption, as well as by stabilizing investments. Nevertheless, in the short-run it will be impossible to change the model of economic growth in Moldova, the final consumption expected to remain the main engine of economic growth.