IMF Upgraded Forecast for Moldova Economic Growth
OREANDA-NEWS. September 23, 2011. It is read in the new World Economic Outlook report of the International Monetary Fund. At the same time, the IMF experts downgraded Moldovan GDP growth forecast for 2012 from 4.8 per cent to 4.5 per cent.
The GDP growth forecast for this year was improved thanks to the recovery of Moldovan economy that has been restored to the pre-crisis level, as well as thanks to the further growth of the key indicators of the country’s economic activity. It was reported earlier that another day, Moldova’s Economy Ministry had upgraded the GDP growth forecast for 2011 to 6 from 5 percent and expects the GDP to total about 82.5 bln leis in nominal value instead of the projected earlier 82.1 bln leis.
At the same time, the Economy Ministry decreased the G||DP growth forecast to 4.5% from 5% for 2012. In the first half of 2011, Moldova’s GDP totaled 36.6 bln leis, up 7.5 percent from the same period lat year. In 2010, Moldovan GDP grew 6.9 percent, totaling 71.8 bln leis in value terms.
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