Economics

IMF REVISES MOLDOVAN ECONOMIC GROWTH FORECAST DOWNWARDS

18 april, 2018

Economic growth in Moldova will account for 3.5%, while the inflation – 4.7% in 2018, says the International Monetary Fund’s April report “World Economic Outlook”, published in Washington on Tuesday.

In the previous, October 2017 report, IMF forecasts of the Moldovan GDP growth were more optimistic – 3.7%. However, the inflation was expected within 5.3%.

As for 2019, the Fund experts are expecting economic growth of Moldova for 3.8%, while inflation – 5.1%.

The IMF forecasts for 2017 concerning Moldova did not justify. The republic’s GDP grew 4%, but not 4.5%, while the inflation reached 7.3%, but not 6.5%.

As for the world economy growth perspectives, IMF expectations are distressing. According to its experts, it will slow down after 2019 without reforms, from which the largest economies are distracting to trade wars. The Fund pointed at the factors that influence economy growth: financial conditions toughening, strengthening of trade contradictions, protectionist policy, as well as geopolitical tension. So far, the fund is preserving the forecast of global economic growth at 3.9% in 2018-2019.

Infotag’s dossier: The World Bank is expecting 3.8% Moldovan economy growth in 2018. The forecasts of the Ministry of Economy and Infrastructure are more modest – 3%.

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