Moldovan GDP Is Expected to Grow by 3-4%, Ministry of Economy
OREANDA-NEWS. March 26, 2013. At a sitting of the advisory council to the Ministry of Economy, Minister Valeriu Lazar introduced the preliminary forecast for macro-economic measures in 2013 and for the period of 2014-2016.
In 2013 the economy is expected to grow 3.5% or 96.2 bln. leis, GDP increasing 4.5% in 2014 and 5% in 2015 and 2016. In 2012 Moldova saw the decrease in GDP by 0.8% or 87.84 bln. leis, caused by the decline in the external demand for domestic goods and reduction in domestic consumption.
The agricultural sector of Moldova had the biggest influence on GDP, negatively affected it by 2.5%. All other sectors of the national economy contributed in GDP as follows: trade (0.6%), transportation and communication (0.3%); services (0.8%), industry (0.15%). Last year economic development of Moldova was told on by recession in the area of euro and main external trade partner states of Moldova.
Besides, last year the National Bureau of Statistics changed a methodology of calculating GDP, amounts of GDP for previous years were recalculated and GDP of 2012 was compared with a higher comparative benchmark. At the same time, the Economy Minister referred participants of the sitting to GDP measures in countries of the region and said Moldova’s economic development in 2012 is comparable to the regional level, as well as national forecasts for 2013.
For example, GDP grew in Romania 0.3% and is expected to increase by 1.6% in 2013; these indicators made up 0.2% and 3.5% in Ukraine, 3.6% and 3.7% in Russia, 1.5% and 3.4% in Belarus and 0.8% and 1.4% in Bulgaria. After the declines of 1.6% and 1.1% in Hungary and the Czech Republic, GDP is expected to decline 0.1% and show the 0 growth respectively.
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