The World Bank said it has revised its forecast for Moldova's 2017 economic growth to 4.0%, up from 2.8% growth projected in January.

Moldova, Belarus, Georgia are benefiting from the fading negative effect of the recession in Russia and Ukraine, the bank noted in its June 2017 Global Economic Prospects (GEP) report.

In 2018 and 2019, the World Bank expects Moldova's economic growth to slow down to 3.7% and 3.5%, respectively. In January, the bank projected 3.3% GDP growth in 2018 and 3.7% growth in 2019.

The World Bank estimated Moldova's GDP growth at 4.1% in 2016, higher than its previous estimate of 2.2% expansion.

By See News.