EBRD forecasts economic growth in Moldova in 2010 BY 1.5%
The economic growth in Moldova may constitute 1.5% in 2010. Such are the data of the 2009 EBRD Transition report, which will be published in November.
According to the bank's press release, EBRD Chief Economist Eric Berglof considers obvious that the social consequences of the global financial and economic crisis will be felt particularly next year, when the number of corporate bankrupts and the unemployment will increase.
EBRD Experts forecast the GDP fall for Moldova in 2009 by 8.5% after its increase by 7.2% in 2008.
In EBRD Economist for Moldova Alexa Crimiciu, the reduction of the budget expenditures, the decrease of money transfers and a limited access to external financing sources call for care in the field of the tax policy, monetary and exchange rate, in order to support the macro-economic stability.
Crimiciu considers that the resumption of the positive growth since 2010 depends on the growth of the national economies of Moldova's main economic partners, but it is necessary to continue reforms and to improve the business climate in the country.
As Infotag has already reported,, the IMF forecast envisaged the GDP reduction for Moldova in 2009 by 9%, and in 2010 - a zero economic growth. The International Monetary Fund (IMF) also predicts an 11.8% deficit of the current account balance in Moldova in 2009 and a 1.4% inflation. The IMF predicts a 7.7% inflation growth in 2010.
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