January 24 (SeeNews) - Moldova's economy is expected to expand by 3.7% in 2018, from a projected GDP growth of 3.2% in 2017, French credit insurance agency Coface said in a report.
"[In 2018], private consumption, which accounts for 86% of GDP, should increase, benefiting from low unemployment, higher real wages and disposable household income," Coface said in its Country and Sector Risks 2018 report.
"Remittances from Moldovan workers abroad, concentrated in Russia, are likely to continue to benefit from the Russian economic recovery," Coface added.
Annual average inflation is expected to slow in 2018, reaching 5.3%, from 6.5% in 2017. Public debt is seen shrinking to 40.5% of the country's GDP in 2018, from 41.3% in 2017.