Slovak unemployment inched further down to 3.88% in March
6 hours ago
Moldova’s GDP contracted by a real 14% y/y to MDL44.6bn in Q2, the statistics bureau, BNS, announced.
In the first quarter of the year, Moldova’s economy edged up by 0.9% y/y.
In seasonally adjusted terms, Q2 GDP dropped by 7% q/q. The country’s GDP thus decreased for the fourth quarter in a row.
For the first half of the year, Moldova’s GDP decreased by 7.2% y/y.
The sector of services delivered to households contracted by 21.4% y/y in value added terms and contributed a negative 4.2pp to the overall performance of the GDP in Q2. Industry contracted by 11.7% and contributed a negative 1.7pp. Not a single economic sector posted positive growth. The net taxes collected by the government contracted by 22.7% y/y in the quarter.
On the utilisation side, private consumption of households plunged by 17% y/y in Q2. The gross fixed capital formation contracted by 15.6% y/y. Overall, domestic demand shrank more than the 14% overall GDP and this was possible because net imports diminished.
The only positive development was in foreign trade, where exports contracted less than imports: by 24.2% y/y versus 29.2% y/y. The use of foreign resources has thus decreased compared to the same period last year.
Related Content
Data
_1713874341.png)
Slovak unemployment inched further down to 3.88% in March
There were 167,493 job applicants in March, which is at its lowest level since the end of 2019.
Poland’s industrial production disappoints in March as output declines 6% y/y
Poland’s industrial production fell 6% year on year in constant prices in March (chart), after a gain of 3.3% y/y the preceding month, unadjusted data from the statistical office GUS showed on April 22.
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Most Read
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
COMMENT: Can China compensate for Russia’s losses on the European gas market?
1 day ago
-
Europe unlikely to tackle Russian LNG imports anytime soon
1 day ago
-
The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
1 day ago
-
Future of Emerging Europe’s hybrid regimes hangs in the balance
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
6 days ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
7 days ago
-
Russia’s war economy boosted by rising oil prices
8 days ago
-
EU finally boosts defence investment into arms production as Ukraine runs out of ammo
1 month ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
7 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
24 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
29 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
BRICS announce a blockchain-based payment system to create a common currency
27 days ago
-
UBN: Russia could take the Baltic states in 48 hours
1 month ago