OREANDA-NEWS. December 21, 2010. It is said in the comment of the National Bank’s experts noting that the GDP growth in the III quarter was 8%, in the I and II quarter – 4.7% and 6.4%, respectively, while the GDP slump in January-September 2009 was 7.7%.

National Bank experts emphasize that the internal demand remains the determinative factor for the GDP growth, even though its contribution in the III quarter was less in comparison with the previous quarter. An important contribution to the GDP growth in the III quarter this year was served by the 14.7% rise in exports against the same period last year.

Therefore, external demand urged restoration of the economic activity in this period and partially compensated the reduction in the home demand. Import grew by 15.5% in the III quarter this year in comparison with the same period last year. A considerable part in the home demand is still oriented on imported goods, indicating, in experts’ opinion, the low competitiveness of local production.

The 6.7% rise of the gross added value in the branches of economy had a considerable contribution to the GDP growth. A big contribution to the GDP btowth also came from contribution. The gross added value in this branch in the III quarter 2010 grew by 18.1%. The National Bank notes that the real GDP evolution for nine months 2010 indicates a more pronounced restoration of the national economy in comparison with the National Bank’s forecast in November 2010.

According to the latest data on the real sector, Moldova’s economy will reach its potential development level earlier that was expected. It is planned tht the National Bank will examine its money-and-credit policy in details taking into consideration the acceleration of the economic growth and inflationary pressure to achieve the goal inflation rate in the medium-term outlook.