The IMF kept the forecast of Moldova's GDP growth in 2024 at the level of 2.6%, and for 2025 – reduced it by 1 p.p. - from 4.8% to 3.7%
This follows from the new October “World Economic Outlook” (WEO) published by the International Monetary Fund. Herewith, at the end of the nearest 5 years, in 2029, the Fund experts forecast, as well as earlier, 5% GDP growth for Moldova. The IMF analysts have also kept the inflation forecast for this year and next year at the level of 5%. At the same time, they slightly changed the forecast of Moldova's current account deficit, expecting that in 2024 it will amount to 11.2% of GDP, in 2025 - 10.7%, and in 2029 it is expected to decrease to 8.5% of GDP. It should be noted that within the previous, April IMF World Economic Outlook (WEO), the Fund reduced the forecast of Moldova's GDP growth in 2024 by 1.7 p.p., from 4.3% to 2.6%, noting that it expects economic growth of 4.8% in 2025 and 5% in 2029. The Fund's experts forecasted that inflation in Moldova will reach 5% in 2024 and 2025, and expected that Moldova's current account deficit will amount to 11.5% of GDP in 2024, 10.3% in 2025 and 8.3% of GDP in 2029. It should be noted that the World Bank raised the forecast of Moldova's GDP growth in 2024 by 0.6 p.p. - from 2.2% to 2.8%. At the same time, it maintained the forecast of this indicator for Moldova in 2025 and 2026 at the level of 3.9% and 4.5%, respectively. This was reported in the latest edition of the Europe and Central Asia Economic Update for October 2024, published by the World Bank. In its previous Economic Update for Moldova of June 2024, the World Bank reduced the forecast of Moldova's GDP growth in 2024 by 2 p.p. - from 4.2% to 2.2%, and in 2025 - by 0.2 p.p. - from 4.1% to 3.9%, having forecasted economic growth of 4.5% in our country in 2026. As InfoMarket reported earlier, the European Bank for Reconstruction and Development reduced the forecast of Moldova's GDP growth in 2024 by 0.3 p.p. - from 3.5% to 3.2%, and in 2025 - by 0.2 p.p. - from 3.7% to 3.5%. Fitch Ratings experts forecast for Moldova 2.4% GDP growth in 2024, and in 2025 - 3.6%. According to the National Bureau of Statistics, Moldova's GDP in the first half of 2024 amounted to 142 billion 238 million lei and grew in real terms by 2.2%, compared to the same period in 2023. According to forecasts of the Ministry of Economic Development and Digitalization, Moldova's GDP will grow by 2.5% in 2024, by 3% in 2025, by 3.3% in 2026, and by 3.7% in 2027. // 23.10.2024 - InfoMarket.
