Despite weaker overall domestic demand caused by subdued consumption and de-stocking only partly compensated for by stronger investments, Moldova’s GDP (chart) increased by 1.9% y/y and by 1.1% m/m in Q1, the sharpest quarterly advance since Q4 2022, according to data published by the statistics bureau. In absolute terms, the GDP reached MDL67.4bn (€3.5bn) in Q1 and €15.4bn in the 12 months to March 2024. In seasonally adjusted terms, the quarterly GDP in Q1 was (marginally) the highest in more than two years. However, this didn’t change the gloomy performance of the country’s economy, which h…