Moldova's GDP to drop by 9% in 2009
In 2009 Moldova's GDP will decline 9%, and in 2010 no economic growth is expected. Such are the IMF's forecasts published in the IMF report on world situation.
According to this report, Moldova is the only country, where no economic growth is expected in 2010. However, experts forecast even certain growth in some European countries, in particular in Greece (0.1%), Luxemburg (0.2%), Spain (0.7%), Ireland and Bulgaria (2.5% each), Latvia and Lithuania (4%).
The most considerable recess is expected in 2009 in Armenia (15.6%) and Ukraine (14%). The growth is expected in Uzbekistan - by 7%, Turkmenistan - by 4%, Tajikistan - by 2%.
The IMF predicts also an 11.8% deficit in Moldova in 2009 and a 1.4%. The International Monetary Fund (IMF) also forecasts the inflation growth in Moldova in 2010 up to 7.7%.
In spring the IMF predicted Moldova's GDP's fall by 5% in 2009 and the budget deficit at 10.5% against the GDP, gross official foreign currency reserves in the amount of $1.27 billion, money transfers - $1.15 billion and the external debt - 54.8% of the GDP.
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