Forecast of IMF on GDP Growth by 4% in Moldova Is Still Relevant
OREANDA-NEWS. June 21, 2013. The forecast of the IMF on GDP growth by 4% in Moldova is still relevant, but the real growth can be much bigger regarding the data in QI, 2013, – Tokhir Mirzoev.
During the International Economic Conference MACRO 2013 Tokhir Mirzoev, representative of the IMF in Moldova, said that the main risks for macroeconomic stability of Moldova is the outside world, local political situation, transparency of banking system, and problematic loans of some banks.
Tokhir Mirzoev also added that the macroeconomic stability was not the target, but the essential constituent in developing process of the country. He also thinks that there are 4 main factors to improve the competitiveness in Moldova: skilled employees, infrastructure, juridical system, and tax and customs administration. As it was previously reported, the WB forecasted the GDP growth by 3%, while the EBRD – 2.5%.
According to the National Bureau of Statistics, in QI, 2013 the GDP growth was 3.5% in Moldova. In current market prices the GDP amounted to MDL 19 billion 673 million (\\$1.59 billion). In 2012 the GDP decreased 0.8%. It was influenced by the reduction of gross value added in agriculture because of severe summer drought; the agriculture takes the main part in forming the GDP of Moldova.
The Ministry of Economy forecasted the GDP growth by 4% in 2013, but then it was lowered to 3.5%
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