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Moldova - Assessment of COVID-19 Impact on Economy (Rumano)

State of emergency ends at end-May and a slow recovery thereafter (high downside risks do not change the policy response, but the severity of recession). Immediate impact: immediate sharp contraction, and recession by end-year. Medium term impact: a V-shaped recovery from 2021, with high downside risks. Long term impact: Neutral. The crisis requires an immediate policy response with the objectives to overcome the health crisis, shorten the recession...
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