EBRD becomes more pessimistic about evolution of Moldovan economy

Moldova in 2013 will see an economic growth of 3%, according to a report published by the European Bank for Reconstruction and Development (EBRD). Last October, the EBRD’s economic growth forecast for Moldova was 3.5%, Info-Prim Neo reports. The economic growth of 3% forecast by the EBRD in Moldova is above the average anticipated by the institution in the region – 2.1%. Russia, Ukraine, and Romania in 2013 will witness an economic growth of 3.5%, 1%, and 1.4% respectively, shows the EBRD report. The World Bank forecasts a growth of 3.1% of the Gross Domestic Product in 2013. The Government of Moldova expects that the economic growth this year will be 4%, according to Prime Minister Vlad Filat. The International Monetary Fund has a similar forecast. According to the Government, the economy will recover based on the rehabilitation of agriculture, improvement of the business environment, and creation of conditions for attracting substantial foreign and national investments to economy.