COVID-19 and the recent drought have drastically worsened the outlook for Moldova with an economic contraction expected in 2020 of a magnitude not seen since the great global recession in 2009
This is stated in a new study "Prospects of the Moldovan Economy", which was presented by experts from the World Bank in Moldova. The pandemic has hit an already decelerating economy. Following a subdued growth in the second half last year, and exacerbated by the pandemic, the economic activity plummeted in the first three quarters of 2020, driven primarily by a reduction in households’ consumption and stocks.
