OREANDA-NEWS. July 01, 2013. The forecast of macroeconomic indicators for 2014-2016 was worked out in March, 2013. Then it was changed due to indicators in QI, 2013 and recommendations made by the INF Mission, which paid a visit to Moldova recently. It was also influenced by the changings in the forecast made by the Ministry of Agriculture for agricultural products.

It is expected that in 2013 the GDP will equal to MDL 96.9 billion. Mostly, it will be influenced by the agriculture (2.2% up). As to 2014-2016, the annual GDP will make 4.7%. In particular, in 2014 the GDP will be 4%, in 2015 and 2016 – 5%. They also expect some alternations in the structure of GDP. For example, the GDP in industry will grow from 13.8% in 2013 to 14.9% in 2016; in construction from 3.6% to 3.8%; in domestic trade from 13.5% to 13.8%.

The share of final consumption will decrease from 115.4% to108.7%, because of rather weak internal and external demand, as well as net export will decrease from 39.5% to 34.3%. The forecast was worked out in accordance with the priority objective of the government, which is development of national economy, e.g. shift from consumption economy and remittances economy to economy based on export.

By this, the economic growth is based on stimulating economic policy to improve the business climate and increase the investment range of the country. The key moments are: macroeconomic stability and adequate money and credit, budget and tax policy.

The experience of the EU was also considered as well as the tendencies of Moldova from the previous years and the forecast of inflation level and exchange rate of MDL made by the IMF.