photo source: economica.net
Posted by: Rusica Viorica
News / Economic
07 Nov. 2019 / 17:21
Moldova might record economic growth
By 2020, Moldova might register an economic growth by 4.0%. The forecast comes from the European Bank for Reconstruction and Development, reports Mesager.
The European Bank for Reconstruction and Development improved its estimates on the evolution of the economy of Moldova in 2019 and maintained the forecast for GDP growth for next year.
According to the latest EBRD forecasts, the country's economy is expected to grow by 3.8% this year, compared to a 3.5% estimated in May. EBRD estimates a growth of 4% by 2020. According to the institution, the GDP increased from 4% in 2018 to 5.2% in the first half of 2019.
The basic growth is mainly due to the construction sector and capital investments. According to the EBRD, annual inflation slowed to 0.9% in December last year, but then accelerated to 6.3% in September 2019.
The European Bank for Reconstruction and Development is among the main investors of Moldova. So far, the institution has invested approximately 1.3 billion euros in over 130 projects in Moldova.