Real Economy, no. 33

A slight increase in the Economic Leading Indicator was registered during the last few months, which could be a positive signal for possible gradual improvement in the economic situation in the following 4-6 months. In fact Moldovan economy experienced a rather negative evolution with worsening trends for most of the indicators composing the ELI. Only the 23% growth in remittances surprised us positively and, even if it indicates over the persistence of unsustainable growth model based on consumption, in the short term it can be considered a positive development.