OREANDA-NEWS. November 01, 2012. According to a spokesperson of the permanent office of EBRD in Moldova, this is stated in its last Regional Economic Prospects Update. However, EBRD kept its projection for GDP growth in Moldova at 3.5% for 2013.

Following two years of Moldova's onrush out of the crisis and its high rates of the development of the national economy, its GDP growth slowed down due to the less external demand for its production and unfavourable weather conditions, EBRD experts say. The short-term outlook for the economic growth is uncertain in Moldova and dependent on evolution of money remittances, exports and investments, EBRD experts stress. It should be reminded that the GDP projection by EBRD was reduced from 4% to 2.5% for 2012 and from 4.5% to 3.5% for 2013.

The Ministry of Economy of Moldova reduced its forecast of GDP from 3% to 1% for 2012 and from 5% to 3.5% in 2013. The International Monetary Fund has not published its forecast for 2012, but promised to do it soon.

The GDP projection by IMF was earlier reduced from 3.5% to 3% for 2012.