Moldova’s GDP growth to constitute about 4% in 2007

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Moldova’s GDP growth to constitute about 4% in 2007

According to the preliminary forecasts of the Ministry of Economy and Trade, the GDP growth in Moldova in 12 months 2007 may constitute about 4%, stated in a Friday press conference Minister Igor Dodon.

The less spectacular growth compared with the forecasts made at the beginning of the last year was determined by the difficult situation in agriculture resulting in a 5% lowering GDP, Minister of Economy and Trade Dodon said specifying that if the situation in agriculture were similar to the one in 2006, then the economic growth for 2007 may reach 9%.

According to the minister, after in the first quarter of the last year the level of inflation constituted only 3.9%, then in the second half of the year the inflationist processes intensified and in 12 months of 2007 inflation reached 13.1%, the moldova.org reports.

Dodon has described year 2007 as a record year in terms of investments. He noted that over 9 months of last year, the investments in fixed capital grew by 28.7%, and the direct foreign investments registered an advance of 200% compared with the same period of 2006.

Referring to the evolution of the external trade, the minister stated that according to the ministerial forecasts in 12 months 2007 the exports registered a growth of 28-30%, and imports will increase by 34%.

The minister also noted that in 11 months 2007 the average wage per economy increased by 21%, while for 12 months the growth of the wages is to reach the level of 24%.

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