Moldova to have increase over region's average in 2019

Chisinau, 12 April /MOLDPRES/- The International Monetary Fund (IMF) expects an economic growth of 3.5 percent for the Republic of Moldova in 2019, above the regional average in the CIS area, of 2.2 percent. However, the report on the global economic outlook, recently released by the institution, shows that the Moldovan economy will grow more slowly than the previous forecast, when the fund expected an increase of 3.8 percent.

"The outlook for the Commonwealth of Independent States is a steady 2.4% growth in the medium term. This largely reflects the slow growth in Russia of around 1.5% in the medium term, which is conditioned by the modest outlook for oil prices and structural barriers," IMF forecast shows.

The IMF expects the economy of the Republic of Moldova to grow by 3.8 percent in 2020, and the same economic growth is projected by 2024.

The World Bank recently revised the GDP growth forecast for Moldova in 2019 by 0.2 percentage points - from 3.8% to 3.6%.The World Bank forecasts inflation for this year at 4.7 percent. WB experts point out that, in the context of strengthening the financial and fundamental situation in 2018, economic growth in Moldova remained stable and real GDP grew by 4 percent.

The Institute of International Economic Studies in Vienna announced on March 27 that the economies of Albania, Kosovo and Moldova will have the highest growth among the 23 Central, Eastern and South-Eastern European countries in 2019-2021.

The Ministry of Economy and Infrastructure expected a GDP value of 209.3 billion lei and an increase of 4 percent in 2019 and an increase of 3.8 percent in 2020 and 2021 when will reach the level of almost 250 billion lei.