IMF Improved Macroeconomic Indicators for Moldova
OREANDA-NEWS. April 23, 2010. The new study "World Economic Outlook", presented by IMF forecasts that in 2010 Moldova’s economic growth will amount to 2,5% (much below the average level of CIS-4%). GDP growth for 2011 is projected at 3,6%, slightly above the average in CIS. The inflation rate predicted by IMF in 2010 is 7,7% vs. 5,7% in 2011.
At the same time, the current account deficit is projected at 9.7% of GDP. These figures are higher than the IMF forecasts made in October 2009, according to which the inflation for 2010 was forecasted at the level of 5%, economic growth - 0% and the current account deficit - 11,7% of GDP.
At the same time, according to IMF, "the prospects of growth in most CIS economies still depend on the rate of growth in Russia.” In 2010, the fund's experts forecast global growth of 4.2%. "Restoration of the world economy went on more successfully than estimated," - the fund’s experts say. The IMF urged the government to reform the financial sector, to eliminate drawbacks in legislation and to support the creation of the new jobs.
Till late 2011 the estimated unemployment rate in the developed countries will approximately make 8,5%.
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