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The IMF raised the forecast for GDP growth in Moldova for 2018 from 3% to 3.8%.

The IMF raised the forecast for GDP growth in Moldova for 2018 from 3% to 3.8%.

This is stated in the report of the International Monetary Fund on the results of the third assessment of the implementation of the current Program with Moldova, financed by the IMF. As noted, the macroeconomic framework has been updated to reflect recent developments and prospects. It is expected that economic growth in Moldova, which amounted to 4.5% last year, will be solid this year too. The forecast for GDP growth in Moldova for 2018 was revised from 3% (in the second review) to 3.8% (in the current one). According to a new forecast, the country's GDP will total 163 billion lei (the previous forecast is 160.1 billion lei), and in dollar terms - $ 9.7 billion ($ 9.1 billion). Fund experts note that real income growth, a further increase in remittances from abroad from labor migrants and the effects of a weakening monetary policy should support private consumption, while private investment is expected to slow down before the elections. It is expected that net exports will remain under pressure from a stronger exchange rate, lower exports of agricultural products and sustained domestic demand. In the medium term, Moldova's GDP growth is projected at about 4%. Stagnation at this level will require structural reforms to address problems related to relatively low capital inflows, slow productivity growth, limited financial intermediation, shadow economy and unfavorable demographics.//06.07.2018 — InfoMarket.

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