Moldova Grows by 2.5% in Q2

Moldova’s economy expanded by 2.5% year-on-year in real terms in the second quarter of 2017, mainly on the back of the successful performance of the wholesale and retail sector, the country’s statistical office said on Monday, SeeNow reported. Calculated at current prices, the country’s gross domestic product totaled 34.25 billion lei ($1.95 billion) for the three months through June, the National Bureau of Statistics said in a statement. Quarter-on-quarter, Moldova’s GDP grew by 0.7%, according to seasonally adjusted data. Growth in the second quarter was mainly boosted by the wholesale and retail sector, which expanded by 1% year-on-year.