Moldova's GDP in 2025 may exceed the level of 1990, subject to bold reforms to accelerate economic growth by 10% per year - Dumitru Alaiba.

Moldova's GDP in 2025 may exceed the level of 1990, subject to bold reforms to accelerate economic growth by 10% per year - Dumitru Alaiba.

Deputy Prime Minister, Minister of Economic Development and Digitalization Dumitru Alaiba wrote about this on his page on the social network. He noted that, without such large-scale, bold reforms, such a goal can only be achieved by 2030. ““If we go slowly, without much haste, as always, with microscopic reforms, then we will exceed the level of GDP in 1990 only in 2030. The choice is ours. The price of this option is lost time, poverty, exodus of citizens, missed opportunities. I am convinced that we cannot afford to grow slowly, at 2-3% per year, because in this way we will continue to trail behind Europe. Maintaining growth at 10% annually for the next 7 years, in 2030 our economy will already be 60% higher than in 1990. Maintaining 10% growth per year for 7 years in a row is not easy and means real reforms. This is what we do. Already. This is our main task in the ministry - by 2025 to achieve an excess of GDP, which was in 1990,” Dumitru Alaiba said. According to the latest forecasts of the Ministry of Economic Development and Digitalization, Moldova's GDP growth in 2023 will be 2.5%, in 2024 - 3.5%, in 2025 - 4%, in 2026 - 4.5%, and in in value terms will amount to 308.8 billion lei, 339.5 billion lei, 376.1 billion lei and 417.2 billion lei, respectively. // 25.05.2023 — InfoMarket.

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