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IMF maintains forecast of Moldova's economic growth at 3.5 per cent in 2012

18 april 2012, 17:44 print out copy link The link has been copied to the Clipboard

Moldova's economy will grow by 3.5 per cent in 2012, and by 4.5 per cent in 2013, according to the latest World Economic Outlook Report by the International Monetary Fund (IMF).

The IMF foresees an average yearly inflation of 5.5 per cent in Moldova in 2012 and 5 per cent in 2013. The current account deficit is expected to stand at 9.7 per cent in 2012 and 9.9 per cent in 2013. IMF experts forecast an unemployment rate of 6.6 per cent in 2012 and 6.4 per cent in 2013.

A representative of the Chisinau-based IMF office said that the forecasts of Moldova's economic evolutions might be updated within the next IMF evaluation mission, due in the near future.

The IMF experts maintained the forecasts for the Moldovan economy made in early 2012. Meanwhile, they improved the economic growth forecast for the CIS countries, excepting Russia, slightly increasing it from 4.4 to 4.6 per cent for 2012, and decreasing it from 4.7 to 4.6 per cent for 2013.

Moldova's main trade partners, Russia and Ukraine, will see their economies increasing by 4, and respectively, 3 per cent, in 2012.

As for the evolution of the world economy, the authors of the World Economic Outlook Report, made public on 17 April, said one may notice a slight improvement. Nonetheless, they warn that the economic recovery remains fragile.

Both the European Bank for Reconstruction and Development and the Economics Ministry expect a 3.5-per cent growth of the Moldovan economy in 2012. At the same time, the ministry does not rule out that the Gross Domestic Product may rise by over 4 per cent.


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