The Government forecasts an economic growth of 4% for next year. The Gross Domestic Product will total 106.1 billion lei, as against the 97.6 billion lei projected for 2013, IPN reports, quoting Deputy Prime Minister and Minister of Economy Valeriu Lazar.

Presenting the projected macroeconomic indicators in the Government’s meeting, Valeriu Lazar said that the economic growth in 2015-2016 is forecast at 5% and, respectively, 4.5%. The scenario is a moderate one and the growth can be larger.

“We hope that the results of the structural reforms done in certain fields and of the large public investments we make, especially in infrastructure, will become more noticeable. The initialing and then the signing of the Deep and Compressive Free Trade Agreement with the EU will also have an effect. It may be a good signal for the potential investors to choose Moldova as a destination for their investments,” stated the official.

For 2014-2016, there are forecast unessential fluctuations in the exchange rate of the leu – between 12.9 and 13 lei – per US dollar. The forecast exchange rate for this yearned is 12.57 lei per US dollar.

Inflation will be 4.7% at the end of 2014 and 6.4% and, respectively, 5.5% at the end of 2015 and 2016.

In the medium term, exports are projected to rise by 8.2%, while imports by 7.7%. The degree of covering imports by exports in 2014-2016 will be 42.5%. The negative balance of trade will rise from US$3.45 billion in 2014 to US$3.97 billion in 2016. It will represent between 42.6% of the GDP in 2014 and 39.9% in 2016.