Moldavian Economy Restores Faster than It Was Expected
OREANDA-NEWS. August 06, 2010. This was announced by President of the National Bank of Moldova Dorin Dragutanu on Thursday at press conference, dedicated to the third report on monetary policy and middle-term NBM prognoses on inflation.
He noted such faster restoration of economy was caused by structural reforms implemented by the Government, liberalization of trade, monetary policy carried out by the NBM and improvement of situation of foreign partners (EU and Russia).
The head of the NBM reminded the GDP prognosis for 2010 was grown from 2,5% up to 3,4%, and for 2011 – reduced from 3,6% up to 3,3%. For 2012 the NBM forecasts the GDP growth by 4,3%. At the same time, according to Dorin Dragutanu, Moldavian economy won’t reach its potential in the next two years.
Though, the head of the NBM emphasized, currently the considerable growth of economy without inflationary pressure was registered.
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