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Moldova's GDP grows by real 5.8% y/y in Q2

Moldova's GDP grows by real 5.8% y/y in Q2 Moldova's GDP - quarterly growth

CHISINAU (Moldova), September 16 (SeeNews) - Moldova's economy expanded by 5.8% year-on-year in real terms in the second quarter of 2019, with wholesale and retail the main growth drivers, the country's statistical office said on Monday.

Calculated at current prices, Moldova's gross domestic product (GDP) totalled 49.7 billion lei ($2.8 billion/2.5 billion euro) in the second quarter, the statistical office said in a statement.

Quarter-on-quarter, Moldova's GDP rose 2% based on seasonally adjusted data.

The gross value added in the economy rose by 6.6% on the year, mainly boosted by construction and retail.

Final household consumption in Moldova increased by 1.5% year-on-year in the second quarter. Gross fixed-capital formation grew 6.9%.

Exports rose by an annual 1.2%, while imports increased 3.2% in the second quarter.

Moldova's economy expanded by 4.0% in real terms in 2018, mainly on the back of successful performance of wholesale and retail.

(1 euro =19.7004 Moldovan lei)