In the Republic of Moldova, fiscal stimulus policies have a short-term economic effect, the growth being especially influenced by the consumption of the population, which represents over 80% of the Gross Domestic Product. For this reason, the population's income, inflation and the cost of credit will tell us a lot about the evolution of the economy ", says Alexandru Fala, Program Director" Macroeconomics, forecasting and economic modeling "at the Expert-Grup Analytical Center.
On Tuesday, April 5, he held an information session for journalists participating in the Academy of Economic Journalism, in which he explained the main macroeconomic indicators and how to interpret them in the process of documenting the news.
The definition and calculation methods of the Gross Domestic Product, the factors that influence the consumption of households and investment activity, foreign trade, public sector revenues and expenditures, inflation, were among the topics presented. The macroeconomic forecasts for 2022 were also discussed.
According to Alexandru Fală, this year, the main risk is for the Republic of Moldova an accelerated increase in prices, which will discourage consumption, and a stagnation or even economic decline.
However, the expert believes that the country has entered the economic crisis much better prepared for economic shocks than in previous situations. Thus, foreign exchange reserves are at a record level, which allows the National Bank to intervene to maintain the stability of the exchange rate, and the public debt is at a level that allows the Government to continue to borrow both domestically and externally to cover budget deficit, which will be reduced towards the end of the year.
The Academy of Economic Journalism is organized by the European Business Association Moldova with the support of its members and aims to improve the quality of economic journalism in the Republic of Moldova, providing journalists with access to sources of information and in-depth approaches to economic topics.