OREANDA-NEWS. July 27, 2011. It is read in the published review of the European Bank for Reconstruction and Development for developing countries of the Eastern and Central Europe and Middle Asia. The Bank’s projection of Moldova’s GDO in 2012 remained unchanged – 4.5%.

In the framework of the previous forecast in May this year, the EBRD raised the projection of Moldova’s 2011 GDP growth from 4.5% to 5%, and before that – from 3.5% to 4.5%. The EBRD’s experts say the Moldovan economy is continuing to grow. Its recovery is spurred by growth of exports and labor migrants’ remittances from abroad, and funding from international financial organizations. At the same time, according to the EBRD, Moldova’s economy’s is affected by the poor growth of the country’s major trade partners and uncertainty regarding the inflow of money transfers.

As it was reported earlier, Moldova’s GDP in January-March 2011 totaled 16.78 billion leis (USD 1.5 billion), up 8.4 percent against the same period last year. In 2010, Moldova’s GDP grew 6.9 percent, totaling 71.8 billion leis (USD 6.2 billion) and recovering the 6-percent drop registered in 2009.