The executive forecast a decrease of up to 1% in the Gross Domestic Product (GDP) after analyzing the macroeconomic and budgetary-fiscal framework for 2015. Last year the economic growth was 4.6%, IPN reports.

The main causes for the diminution of the GDP will be the economic declines in the region, especially in Russia, and the worsening of the situation in Ukraine. In these countries that are Moldova’s commercial partners, the demand for Moldovan produces will decrease. This will determine the passivity of the business sector and the diminution of the internal consumption of the population.

Exports are expected to fall by 10%, while imports by 15% in 2015. The industrial and agricultural production growths will be smaller than last year. For 2015, it is projected an inflation rate of 6.4% and an average exchange rate of the Moldova leu of 19.3 lei against the US dollar.

The Government anticipates that the situation will remedy in two years. In 2016 – 2017, the GDP growth is expected to be 3-4%. The export growth rate will be restored and will be 7-9% a year. The industrial production in 2016-2017 will increase by 6% a year, while the agricultural one by 2%. It is projected that the investments will represent the main source of economic growth in the period.