OREANDA-NEWS. January 18, 2013. The projection is contained in the World Bank’s report on prospects for the global economy for 2013 and next few years. Experts predict that Moldova will see a zero growth in GDP in 2012; in 2013 it will increase 3.1%, growing by 4% and 55 in 2014 and 2015 respectively.

Basis risks for European states, including Moldova, originate from the area of euro, which influences a trading volume, remittances, investment inflows, etc. As it was said earlier, within 9 months of 2012 GDP of Moldova made up 65 bln. 402 mln. leis, 0.2% down as compared with the same period of 2011.

The decline was determined by a slowdown in the agricultural sector, caused by the severe drought in the summer of 2012. Earlier the government of Moldova lowered its GDP growth projection for 2012 from 1% to 0.3%. Before that, the GDP growth projection for 2012 was brought down from 3% to 1%.

The new revision of the GDP projection for 2012 was caused by the drastic decline in agricultural measures provoked by the severe drought of the past year and the economic slowdown in partner countries of Moldova in Europe, triggering the decrease in exports from Moldova to EU. IMF also lowered GDP growth projection for 2012 from 3% to 0.3%.

IMF projects the 4% growth in GDP of Moldova this year, which will be determined by recovery in the agriculture and the economic growth in EU and CIS.