Jan 29, 2009

Moldova's Economy Beats Japan and the United States


This one gets filed under, "I've been down so long it looks like up to me."
Europe's poorest country, is basking in its new status as one of the world's most stable economies, even if it did take a global slump to earn it the accolade. Moldova has been ranked fifth, well ahead of powerhouses like Japan and the United States, in an index compiled by London-based magazine The Banker that rated countries on how well-protected they are from the slowdown.
All of this good news has made Moldovan President Vladimir Voronin positivly giddy. “We have been classified in the top five countries with robust economies." While we never expected to read that in our lifetime, congratulations go out to Moldova.

We knew you could do it.

15 comments:

Mrta said...

Go Moldova!

Ern said...

Never saw this one coming. I have to admit.

Julien Frisch said...

This is an illusion.

With approximately 1/4 to 1/3 of the country's population living abroad as working migrants (Russia, Italy, Spain etc.), and many in fields that might be most affected by the crisis (e.g. construction), the Moldovan economy might soon be affected. Since 1/3 of the total income of the country depends on money sent from abroad, any considerable downturn in global labour markets will have a delayed but probably very visible influence.

In addition, international companies willing to invest in the countries (and I have recently talked to someone who is interested) are facing the problems in getting credits for their investments, even in projects with more or less promising outlook.

Altogether, the crisis will hit Moldova, maybe a bit lesser and a bit later than other countries, but that could still be quite a lot for a country that is considered the poorest in Europe.

Pirates(and)Diplomats said...

Hence our astonishment with Moldova's zero growth economy (aka "stability").

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Cialis kaufen said...

That is amazing. Who would have thought that a small country like Moldavia would be that successful. Impressive if you beat countries like Japan and USA.

viagra said...

Thank you! I didn't know they picked up on it until I saw your comment.

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