OREANDA-NEWS. April 18, 2013. This is stated in April’s update of IMF’s World Economic Outlook, published this Tuesday. In 2014 GDP in Moldova is projected to increase by 4% too against 5.3% projected before. In October 2012, IMF WEO projected Moldova’s GDP to grow by 5% in 2013.

However, following November’s visit of the IMF assessment mission to Moldova, its head Nikolay Gueorguiev said Moldova’s GDP growth to amount to 4% in 2013. GDP is expected to increase in Moldova as national agriculture recovers and external environment gradually improves. In line with April’s WEO update, IMF experts think GDP average growth in CIS to make 3.4% in 2013 and 4% in 2014.

The highest growth in 2013 is projected in Kyrgyzstan – 7.4%, Uzbekistan and Tajikistan – 7% each, Georgia – 6%, Kazakhstan- 5.5% and Armenia – 4.3%. The least GDP growth in 2013 is projected in Ukraine – 0%, Belarus – 2.1% and Russia – 3.4%. Experts project GDP will increase by 4% upon average in CIS in 2014. It will grow the most in Turkmenistan - 7.9%, Kyrgyzstan - 7.5%, Uzbekistan - 6.5%, Georgia and Tajikistan - 6% each.

According to IMF experts, in 2014 GDP will grow the least in Belarus – 2.6%, Ukraine- 2.8% and Russia – 3.8%. In 2012 GDP growth averaged 3.4% in CIS. It grew the most in Turkmenistan -11%, Uzbekistan – 8%, Tajikistan – 7.5% and Armenia – 7.2%. Moldova and Kyrgyzstan reported the GDP decline of 0.8% and 0.9% respectively in 2012.

The decline in Moldova’s GDP stemmed from the slowdown in national agriculture, caused by the severe drought, and in trade, as well as from remittances at standstill. In 2012, GDP grew 0.2% in Ukraine, 1.5% in Belarus, 2.2% in Azerbaijan and 3.4% in Russia.