The Vienna Institute for International Economic Research predicts that Moldova's GDP growth in 2021 will be 4%.
At the same time, in 2022, its experts expect the Moldovan economy to grow by 4.5%, and in 2023 - by 3.5%. This is stated in a new forecast report of the Vienna Institute for International Economic Research. It indicates that, according to experts, inflation in Moldova will progressively grow and in 2021 it will be 4%, in 2022 - 4.5%, and in 2023 - 5%. Herewith, the unemployment rate in our country is expected to decline, on the contrary, and will amount to 5% in 2021, 4% in 2022, 3% in 2023. In general, the Vienna Institute for International Economic Research provides its macroeconomic forecasts for 23 countries of Central, Eastern and South-Eastern Europe. According to the cited data, among these countries, the largest GDP growth this year is forecasted in Montenegro - 6.5%, Turkey - 5.8%, Serbia - 5%, Kosovo - 4.8%, Croatia - 4.5%, and the smallest - in Estonia - 1.2%, Belarus - 1.5%, Lithuania - 2.1%, Bulgaria and Bosnia and Herzegovina - 2.5% each. Earlier it was reported that the IMF improved its forecast for the development of the economy of Moldova and predicts that its GDP in 2021 will grow by 4.5%, and not 4.1%, as previously assumed. According to the Fund's experts, after a 7% decline in 2020, Moldova's GDP in 2021 will increase by 4.5%, in 2022 it will increase by 4%, and in 2023 the Moldovan economy will grow by 4.2 %. Meanwhile, the inflation rate in Moldova in 2021 will be 3%, and in the next 2 years - 5% each. It should be noted that earlier the World Bank kept the forecast of GDP growth in Moldova in 2021 and 2022 at the level of 3.8% and 3.7%, respectively, and in 2023, WB experts expect the Moldovan economy to grow by 3.8%. WB analysts also predict that inflation in Moldova in 2021 will amount to 4.4%, and in the next 2 years - 5% each. As previously reported by the National Bureau of Statistics, Moldova's GDP in 2020 amounted to 206.35 billion lei and decreased by 7% compared to 2019. The budget of Moldova for 2021 was adjusted taking into account the economic growth projected for this year by 4.7% and inflation at 2.7%. Recently, macroeconomic forecasts were revised, and now the Ministry of Economy and Infrastructure expects that real GDP growth in Moldova in 2021 will be 6%, in 2022 - 4.2%, and in the next 2 years - 4% each. It is expected that in nominal terms the volume of GDP in 2021 will amount to 227.7 billion lei, in 2022 - 248.8 billion lei, in 2023 - 271.3 billion lei, in 2024 - 292.8 billion. lei. According to the preliminary macroeconomic forecasts of the Ministry of Economy, the average annual inflation rate in 2021 will be 1.8%, and at the end of the year inflation will reach 3.3%. It is expected that the average annual inflation rate in 2022 will be 4.4%, and at the end of the year it will reach 4.7%. In 2023-2024 the inflation rate will be 5% each. // 21.04.2021 — InfoMarket
