OREANDA-NEWS. January 22, 2015. This is stated in the new review of the Regional Economic Prospects, published by the European Bank for reconstruction and development. EBRD experts note that in Moldova, as in Armenia, the economic growth in 2015 will stop.

There is also a high risk of recession in our countries against the background of the regional downturn and reduction of GDP growth in Russia, which is one of our main trading and financial partners, as well as the main source of remittances. As it is expected, the decline in the oil prices partially offset the adverse external events for both countries, net importers of hydrocarbons, although the positive impact will be limited.

According to the EBRD, Moldova and Armenia is faced with the devaluation of their currencies at the end of 2014. Further adverse dynamics of their national currencies may affect the real and financial sectors of their economies, given the high rate of dollarization in the banking sector. It should be noted that the EBRD downgraded the forecast for GDP growth for almost in all CIS countries. In particular, EBRD experts expect that Russia's GDP in 2015 will amount to 4.8% instead of 0.2% (forecast September 2014), in Ukraine - 5% instead of 3%. It is predicted that the recession will be registered this year in Belarus by 1.5% instead of the previously expected growth of 0.5%.

The EBRD has cut its forecast for growth of Armenia's GDP from 3.5% to 0%, in Azerbaijan - from 3% to 1.5%, in Kazakhstan - from 5.1% to 1.5%, in Kyrgyzstan - from 4.8% to 3.2%, Turkmenistan - from 10% to 9.7%. At the same time, the GDP growth forecast for Tajikistan maintained at the same level of 4.4%, in Uzbekistan increased from 7.6% to 7.8%, Georgia - from 4% to 4.2%. As InfoMarket informed before, the IMF forecasted for 2015 recovery of GDP growth in Moldova by 3.5% after expected in 2014, slowing economic growth by 2%. At the same time, the World Bank predicts that by 2015, the growth of Moldova's GDP by 3%, expecting that in the next 2 years the growth of the Moldovan economy will accelerate, and the growth of Moldova's GDP in 2016 and 2017 will make 3.5% and 5%, respectively.

The World Bank experts believe that by the end of 2014 GDP growth in Moldova will make 2%. Final data on the dynamics of the country's GDP last year is not specified yet. Moldova's GDP for 9 months of 2014 amounted to 81 billion 722 million lei, increasing in the real terms by 4.7% compared with the same period of 2013. As InfoMarket informed before, GDP growth in Moldova in 2013, according to the revised data, amounted to 9.4%.