INCE: Moldovan GDP Growth to Make 3,7%
OREANDA-NEWS. April 28, 2014. The study of INCE Moldovan Economic Trends states that nominal GDP by the end of 2014 will amount to 107.7 billion lei.
Introducing macroeconomic forecast for 2014, the Director of INCE Alexander Stratan said that the forecast is developed on the basis of the most plausible scenario, taking into account the real situation both inside the country and the external factors. According to INCE experts, the inflation rate in 2014 will make up 5.5%, while the rate of the national currency vs. US. Dollar is 13.18 lei.
On the results of the year the volume of export will grow by 10.7% compared to 2013- USD2656 million, while the imports will grow by 4.8%- up to 5758 million. It is also expected that positive dynamics in terms of industrial production will make +6.5%, investments in tangible fixed assets +5.2%, the average annual wage-4152 lei- (+10.3% in real terms and 4.6%, respectively).
The unemployment rate will amount to 5.1% and will not change compared to 2013. According to Alexander Stratan in 2014 the agricultural production will be reduced by 5%. According to INCE experts, in 2014, it is expected slowdown in remittances to Moldova by 3%.
"The remittances last year grew by 10% compared to 2012, and such dynamics vs. the background of slowing economic growth in some countries, will remain the current year. In January of the current year we registered a decline of remittances by 7% compared to the same period in 2013” - stated the expert. As it was previously informed, according to the World Bank forecasts, the economic growth in Moldova in 2014 will make 2%, and forecasts of the Independent analytical centre Expert Grup, the growth will make up from 0.5% to 2.1%, depending on the development of situation at the external markets and the economy's ability to withstand the internal risks. The IMF predicts GDP growth of Moldova in 2014 at the level of 3.5%. The Ministry of economy is maintaining the forecast at the range of 3-4%.
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