The Ministry of Economy does no yet see reasons for reviewing the economic growth forecast of 3.5% for this year, it is said in a communiqué issued by the institution. Referring to the data presented by the National Bureau of Statistics, according to which the GDP in the first half of this year rose by 3.9%, experts of the Ministry said Moldova’s economy in 2014 entered a period of stability, IPN reports.
All the economic activities grew moderately. Exports increased, while imports declined insignificantly. The Gross Domestic Product in the first half of this year rose by 3.9% compared with the corresponding period last year, to 47.7 billion lei.
In the first six months of this year, most of the types of economic activities made progress. The services, incusing internal trade, transport and communications, construction sector, industry and agriculture made a significant contribution to the GDP growth.
The bans imposed by Russia on the import of wine and some agricultural products from Moldova negatively affect Moldova’s economy, exports, budget incomes, remittances and investments. However, the Ministry of Economy considers that the annual economic growth forecast made public at the start of this year does not need to be reviewed.
The IMF economic growth forecast for Moldova for this year is also 3.5%.
