OREANDA-NEWS. August 05, 2013. This was announced by the President of the National Bank of Moldova Dorin Dragutanu on Thursday presenting the third in this year report on inflation, noting that the central bank shares the optimistic forecast of the Ministry of Economy, according to which the country's GDP in 2013 will make 4% or will exceed this figure.

At the same time, the National Bank can not say for sure whether the marked recovery of Moldovan economy is stable and if this pace of economic growth in the medium term will remain stable. Dorin Dragutanu noted that the encouraging increase in Moldova's GDP in I quarter of 2013 by 3.5% after fall of 0.8% in the previous year was achieved mainly due to the impressive growth rates in agriculture and related industries.

However, he said, a positive shock in agriculture in I half of 2014 will be absorbed and it will be necessary to seek new sources of sustainable growth for the next two years. Dorin Dragutanu noted that NBM is not aimed at achieving sustainable economic growth, considering the main objective fight against deflationary pressures. At the same time, stimulating domestic demand through its monetary policy, the National Bank will contribute to accelerated economic growth this and the next years.

Dorin Dragutanu noted that economic recovery this year was made possible by the increase in foreign demand for domestic goods and services, as well as some recovery in domestic demand due to the increase in the disposable income. GDP growth in I quarter of 2013 was stipulated by favorable developments in all sectors of the economy.

From the point of view of consumer demand, the annual pace of real wages’ growth in the economy in April-May 2013 made 4.4%, remaining almost at the level of I quarter 2013. According to NBM, the GDP growth of Moldova in 2013 can make 4% or more, but NBM believes it premature to make predictions for 2014-2015.