OREANDA-NEWS. April 25, 2008. The IMF report on the development of the European economies marks that in 2008 the highest rates of economic growth at the continent will be registered in Montenegro (7,2 %), Belarus (7,1 %), Moldova (7 %), Russia (6,8 %) and Slovakia (6,5 %). Large European economies will show moderate growth.

Thus, GDP in Great Britain will grow by 1,6 %, in Germany and France - by 1,4 %, respectively. According to IMF report, the European countries face deceleration of economic growth in the result of long financial shocks, high inflation and secondary effects of the expected moderate recession in the USA.

According to IMF, in the nearest two years economic growth in the European countries with the developed economy will essentially slow down: from 2,8% in 2007 up to 1,5 % in 2008 and 1,4 % in 2009. In the European countries with the forming market decrease in rates of growth - up to 5,5 % in 2008 and 5,2 % in 2009, vs. 6,9 % in 2007 is also expected.

As to Moldova, in 2008 IMF predicts inflation rate of 11,4 %, and in 2009 its significant reduction up to 7,9 %. It should be noted that in 2007 economic growth in Moldova has made 3 %, and inflation - 13,1 %, respectively.

At the same time, for 2008 the government of Moldova predicts 7% GDP growth and inflation rate - up to 10 %. Earlier the World bank predicted that rate of economic growth in Moldova will increase from 4 % in 2006 up to 6 % in 2007, 6,8 % in 2008, and up to 7 % in 2009.

According to WB experts, Moldova will rank the fourth in the Eastern Europe and Central Asia after Latvia, Romania and Kyrgyzstan on external deficit level and the third in the region on GDP growth after Azerbaijan, Georgia and Armenia.