GDP of Moldova Decreased by 7,8% in 1H
OREANDA-NEWS. September 18, 2009. As it was informed in the National Bureau of Statistics, in January-June 2009, GDP of Moldova in current prices amounted to 27 billion 869 million leis (US2.5 billion).
The decline in GDP was due to the overall decline in the economy during the global financial-economic crisis. In particular, the negative impact on the dynamics of Moldova's GDP was stipulated by the reduction in the production volumes in industry by 24,9%, in construction - by 31,9%, retail trade by 4,5%, exports and imports of goods - by 20,7% and 35.8%, respectively.
As it was informed before, the IMF has lowered the forecast of GDP of Moldova, expecting it to decline by 9% in 2009. Previously, for 2009, the IMF forecasted Moldova’s GDP decline by 5%, expecting the nominal GDP for the year in the amount of 63.7 billion leis (US5.7 billion). In 2008, Moldova's GDP grew by 7,2%.
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