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.
Infotag
- Moldovan government approved economic stabilization program
- IMF resumes financing for Moldova
- IMF to support Moldova with a 3-year credit facility of $588 mil.
- Moldova's budget deficit hits a record high, 16% of the GDP
- Vlad Filat: Moldova holds constructive dialog with foreign donors
- EBRD forecasts economic growth in Moldova in 2010 BY 1.5%
- Moldova's temperature in the "CIS economy"
- EU May Grant $150 Million To Crisis-Hit Moldova
- IMF, WB revise loan conditions to support E.Europe through crisis
- Moldova's GDP to drop by 9% in 2009
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- What does Remortgage mean?
- Toyota in talks to build new China plant
- Sarah Larson's dirty past
- Oil extends to $68
- DaimlerChrysler is not planning to manufacture trucks in India