Moldovan GDP Growth to Exceed 7% in 2011
OREANDA-NEWS. June 22, 2011. These data were reported during presentation on Tuesday of the first this year publication “Moldovan Economy Tendencies”, elaborated by specialists of the Institute of Economy, Finance and Statistics (IEFS) with support of the EUHLPAM project and realized by the UNDP in Moldova.
In experts’ opinion, the Moldovan economy development projection will remain optimistic next two years and in 2011-2013, the GDP growth will be at least 6%: in 2011 – 7.4%, in 2012 – 7.7%, in 2013 – 8.1%. Experts point out strengthening of the Moldovan leu against the American dollar, but note the further growth of the American currency – in 2012 – to 12.2 leis per a dollar and 12.4 leis – in 2013. IEFS forecasts the average annual inflation in the amount of 7.2% in 2011 and 6.9% and 6.6%, respectively, in the next two years. Industry growth is projected on the level of 8.5% (and about 9% - in 2012-2013), agriculture – 6.8% (about 7% - in the next two years). Growth in agriculture will be mostly determined by high prices for agrarian production in the world.
The average salary in Moldova will grow 3-4% in real terms and 10-11% - in nominal terms in the next few years. The average salary in the country is supposed to exceed 4 thousand leis by 2013. The IEFS study reads that these forecasts may be considered “passive”, as the economy development is predetermined in many respects by external factors: relations with foreign donors and partners, money transfers dynamics; situation in the global markets.
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