OREANDA-NEWS. January 26, 2011. The EBRD has increased the forecast of growth of Moldova’s GDP in 2011 to 4.5% from 3.5%, and to 6.5% from 4.5% in 2010. It is said in a report released by the European Bank for Reconstruction and Development on Monday. Its previous forecast was revised from a 4% GDP growth to a 4.5% growth, while the forecast for the 2011 GDP of Moldova remained on the previous level – 3.5%.

According to the EBRD report, Moldova has continued to recover from the crisis with real GDP increasing by 6.5 percent in the first nine months of 2010. The recovery is supported by growth of exports and remittances, and IFI financing. The economy is vulnerable to growth volatility in the main trading partners and uncertain remittance inflows. The immediate growth prospects are limited by continuing political uncertainty.

The data of the GDP dynamics in 2010 haven’t been published yet. According to data of the National Statistics Bureau, Moldova’s GDP in January-September 2010 amounted to 52.2 billion leis, up 6.5% against the same period of 2009. The Moldovan government said the country’s GDP might grow 7% in 2010, the IMF earlier predicted a 3.2% growth of Moldova’s GDP in 2010, but promised to revise its forecasts.

The National Bank of Moldova increased the forecast of the GDP growth in 2010 by 1.6 percentage points – from 3.4% to 5%.