IMF forecast one-per-cent contraction of Moldovan economy in 2015
13:56 | 17.04.2015 Category: Economic
Chisinau, 17 April /MOLDPRES/ - The Moldovan economy will contract by one per cent in 2015 against 2014, but will recover by a 3-per-cent increase in 2016, the International Monetary Fund (IMF) estimated in the World Economic Outlook, made public today.
IMF revised a 3.5-per-cent rise in diminution, as it anticipated in the post-programme monitoring report, approved by the IMF Board of Directors on 17 December 2014.
IMF experts say that the worsening of the economic situation in Russia and Ukraine, decrease in exports and remittances will continue putting pressure on the Moldovan economy. The uncertainty and introduction of new sanctions against Russian “might weaken more investments.”
”The worsening of banking and corporate balances, because of the recent depreciation of the national currencies in the entire region, might generate risks for the financial stability,” the report says.
The Fund has revised its estimations on the deficit of balance pf payments in Moldova in diminution to 4.5 per cent, against the forecasts from last October, of 7.3 per, respectively. IMF anticipates an inflation rate of 7.5 per cent in late 2015, higher against the 5.7-per cent forecasts from October 2014, but much more under the average of 16.8 per cent, foreseen for the Commonwealth of Independent States (CIS).
As for the CIS region, a member of which Moldova is, IMF anticipates a recession of 2.6 per cent in 2015 and a light increase of 0.3 per cent in 2016.
The Economics Ministry forecasts a decrease of the economy by one per cent in 2015, after a 4.6-per cent rise in 2014. The 2015 year will be economically difficult and the authorities seem not to be ready to cope with difficulties, according to MEGA report launched by the Expert-Grup Independent Analytical Centre. Experts forecast a 0.2-per cent decrease of the Gross Domestic Product, in case of optimistic evolutions, whereas the pessimistic forecasts show a reduction of 1.8 per cent.
(Reporter V. Bercu, Editor A. Raileanu)
