Republic of Moldova
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© ILO
About the ILO in the Republic of Moldova
Low labour force participation and high outward migration
The outlook of Moldovan economy remains positive but downsize risks are increasing. Heightened political instability did not preclude a robust growth in 2019. Public investment, double-digit increase in wages, social transfers and workers’ remittances fueled the growth but not employment. Moldova needs sustained growth to create jobs and lift people out of poverty. To this end, a new economic paradigm for Moldova is critical to boost investment, productivity and competitiveness, export-oriented industries and a knowledge-based society. Continue reading
