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By Iulian Ernst in Bucharest The current account (CA, chart) deficit narrowed by 10% y/y to $450mn in Q1 2024, driven by the 11% lower deficit in the trade with goods ($1.1bn) according to data published by the National Bank of Moldova. The CA gap in 12 months to March 2024 thus reached $1.92bn or 11.4% of the GDP in the same period, down from 11.9% calculated in the 12-month period ending December 2023. The ratio has improved (narrowed) constantly since Q4 2022 when it reached the past decade’s maximum of 17.3% of GDP. The net import of goods in the four quarters to March 2024 decreased by 13…

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