OREANDA-NEWS. July 27, 2012. As it was informed at the Permanent Mission of the European Bank for Reconstruction and Development in Moldova, it was stated in recent report released by the bank "Regional economic outlook: July 2012.".

In addition, in comparison with the May forecast, the Bank GDP growth in 2013 for Moldova decreased by 1 percentage point - 3.5% instead of 4.5%. EBRD experts say that after 2 years out of the financial crisis and the rapid growth of the Moldovan economy, GDP growth in Moldova this year has slowed down due to a decrease in external demand for products and adverse weather conditions.

The Bank emphasizes that short-term prospects for economic growth in Moldova are uncertain and depend on the evolution of remittances, exports and investments, including, after the long-awaited presidential election in March. Recall that the Moldovan Government in the light of slowing economic growth reduced the forecast of GDP growth in 2012 from 4% to 3%.

The IMF lowered the forecast for GDP growth in Moldova in 2012 from 3.5% to 3%, noting that after 2 years of impressive economic growth in Moldova, economy has slowed. Thus, the growth rate of foreign and domestic trade and remittances declined markedly, and the volume of industrial production fell. Moldova GDP growth in 2011 was 6.4%.