OREANDA-NEWS. April 27, 2009. According to the revised forecasts of IMF, in 2009 Moldova's GDP will amount to 63.7 billion leis or 5% less as compared to 2008.

In previous IMF forecasts, prepared in October 2008, Moldova's economic growth was expected at a rate of 7.5%.

At the same time, new forecasts indicate that inflation could reach 4% (9.5% forecast in October 2008), the budget deficit could make 10.5% of GDP (0.5% forecast in October 2008) and the current account deficit- 19.5% of GDP (15.7% forecast in October 2008). IMF also predicted a reduction in remittances by US1 billion 151 million (US 2 billion 441 million forecast in October 2008). Official currency reserves in 2009 will make US 1 billion 276 million and will be sufficient to cover 3.6 months of import.

Foreign debt of Moldova (private and public) will reach 54.8% of GDP. For 2010 IMF forecast GDP worth 67.9 billion leis (0% growth), inflation of 5%, budget deficit- 9.5% of GDP, current account deficit - 15.6% of GDP, decrease in remittances by US 1 billion 255 million, decline in the currency reserves - up to US 1 billion 293 million and reduction of the external debt in GDP up to 52.3%.

It should be noted that earlier the Prime Minister Zinaida Greceanii announced that, though the rate of economic growth in 2009 of 7.2% is unattainable goal, Moldova will be able to achieve economic growth. Earlier, the EBRD forecasted economic growth in Moldova of 1,7% in 2009.