Economic growth of 6.1% in 2011

The economic growth in Moldova in 2011 will be 6.1%. This is one of the most important growths in the countries of the region, says the biannual publication MECA of the think tank Epert-Grup, Info-Prim Neo reports. According to independent experts, positive changes occurred also in the structure of the economic growth. Final consumption remains the main growth factor, but for the first time in the last few years investments and exports contributed to the economic growth to a greater extent. Their growth rate was almost twice higher than of the imports. The gross value added of the manufacturing sector in the GDP exceeded that of net incomes (on product and imports). Ana Popa, coordinator of the group of authors of the publication, said the economic growth was however non-uniform and had a low impact on employment, unemployment and the people’s welfare. The number of employees working in agriculture is varying, while in the construction sector has decreased, but the authorities do not have a clear strategy for removing the imbalance on the labor market. Some of the important factors in obtaining economic growth, as the rise in exports, seem to be fading away as a new wave of the crisis is approaching and the demand for the Moldovan products in some of EU partner countries and in the region has decreased. Expert-Grup said the economic developments in 2012 are yet uncertain and depend greatly on the resolution of the debt problem in the eurozone.