OREANDA-NEWS. April 12, 2013. During the first 6 months of 2013 the economic growth will be temperate in Moldova, but improvement of external situation and the statistical recovery of the agricultural sector thanks to the lower comparative base of 2012 will lead to the faster GDP growth in the second half of 2013, Head of the WB Office in Moldova Abdoulaye Seck noted at  press conference held to present the WB Macroeconomic outlook for Moldova.

The World Bank projects Moldova’s GDP to grow by 4% in 2014 and 5% in 2015. The growth will be possible thanks to higher external demand for Moldovan exports, which will determine a subsequent increase in confidence of consumers and investors in the national economy. In 2013 nominal GDP is expected to make MDL 94 billion and to increase to 113.6 billion by 2015. According to the head of the WB office in Moldova, during the next year the current monetary policy will be kept and the inflation rate will be withheld within the target of 5%± 1.5% set by the National Bank of Moldova.

The inflation rate is projected to be 4.9% in 2013, 5% in 2014 and 4.8% in 2015. The WB forecasts capital investment to grow 3.6%, exports from Moldova to increase 2.8% and import to our country to rise 3.2% in 2013. WB experts expect a lower pace of the growth in remittances to Moldova during next years. In particular, they will grow 7% in 2013, increasing 4% in 2014 and the same amount in 2015.

Experts of the World Bank project a slight decline in revenues and expenditures of the budget of Moldova as well as an increase in the share of the external state debt in the structure of its GDP. As political uncertainty is overcome, the tax consolidation in Moldova will continue, WB experts state.