2015 is a year when no economic results were achieved, said experts of the Institute for Development and Social Initiative “Viitorul”, IPN reports.
“Together with the colleagues from “Viitorul”, we tried to compile a list of five key accomplishments in the Moldovan economy in 2015. It was a challenge for us as we identified no achievement. Instead, we have a full list of drawbacks that includes the robbing of the three banks, crisis in the financial-banking sector, defective implementation of the Association Agreement with the EU, suspension in foreign financing and recession in a number of sectors of the economy,” Viorel Chivriga, head of the Institute’s Economic Department, said when presenting the Economic Outlook for 2015.
According to independent experts, the economic crisis embraced a number of economic sectors. The Gross Domestic Product in the third quarter of this year decreased by 3.7% in real terms, compared with the corresponding period of 2014. No results were achieved in the real sector of the economy either. The global agricultural production in nine months declined by 11.8% on last year. The agricultural producers continue to face difficulties in entering new markets. Frauds were identified in the subsidization process. After rising by 5.9% in the first half of the year, industry in July-October saw a slowdown in the growth rate, to 0.3%. This tendency persists.
Foreign trade was lower than in 2011-2014. The unstable situation in the region, unstable political situation in the country and depreciation of the leu massively influenced the evolution of prices this year. The inflation is a two-digit one at a time when the real incomes of the population diminish. The real salary income in September 2015 – September 2014 represented 97.7%. The consumer basket will thus change, while the purchasing power of the people decreases.
Economic Outlook covers also the Transnistrian region’s economy, which in 2015 had been under the influence of a wide range of internal and external factors that led to a decline in the region’s business activity, consumption, exports and imports and to a larger exodus of the labor force. The region’s dependence on foreign financing increased.
The analysis was carried out by “Viitorul” experts Viorel Chivriga, Sergiu Gaibu, Corina Gaibu, Tatiana Lariuşin,Victor Parlicov, Diana Enachi, and Ion Tornea.
