Independent experts contest official statistics on evolution of GDP in 1st quarter of this year
Experts of the Analytic Centre Expert-Grup contest the data on evolution of Gross Domestic Product (GDP) in the 1st quarter of this year, published on the website of the National Bureau for Statistics (BNS) on June 27.
According to BNS data, GDP rose by 6.2 percent in January-March up to 8,449,042,000 lei, compared with 7,216,056,000 lei in the first quarter of 2005.
Expert-Grup representatives say that the growth was "arithmetically filled" because of the methodology used to calculate GDP, while the real rise of this indicator was by 1.5-3 percentage points lower than claimed.
In this context, experts say that more than 50 percent of the economic growth obtained in the period concerned was due to higher taxes, while the effective advance of production was less than half of the registered economic growth.
Expert-Grup affirms that the 7-percent reduction of industrial production, stagnation of agriculture, 50-percent decline of wine production, 26-percent decrease of meat, 20 percent of flour and 50 percent of pumps in the first five months of this year confirm its estimates.
According to BNS accounts, GDP grew by 8.2 percent in the first trimester of 2005 and by 6.1 percent in the same period of 2004. // BASA-Press
- Moldova ranks 4th in the world by amount of remittances
- IMF on Molodva's progress to meet its commitment to reforms
- Green economies for growth, urges UN
- Eurozone economy suffers growth slowdown
- Bank-financial sector of Moldova achieved impressive progress, in spite of crisis - Viitorul
- Growth slows in Europe's leading economies
- Experts recommend establishing viticulture and wine chamber
- Moldova overcomes the crisis and takes measures to resist the second wave
- IT share reaches 10% in Moldova's GDP
- Greek debt crisis affects Europe, world economy
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- What does Remortgage mean?
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- Greece: Socialist government's budget deficit of 12.5% caused debt crisis
- Toyota in talks to build new China plant
- Walt Disney profit up 39 percent
- DaimlerChrysler is not planning to manufacture trucks in India