{"id":235551,"date":"2005-04-14T16:42:00","date_gmt":"2005-04-14T16:42:00","guid":{"rendered":"http:\/\/new.moldova.org\/2005\/04\/14\/i-m-f-forecasts-lower-growth-rates-in-former-soviet-republics-in-2005-2006-1765-eng\/"},"modified":"2005-04-14T16:42:00","modified_gmt":"2005-04-14T16:42:00","slug":"i-m-f-forecasts-lower-growth-rates-in-former-soviet-republics-in-2005-2006-1765-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/i-m-f-forecasts-lower-growth-rates-in-former-soviet-republics-in-2005-2006-1765-eng\/","title":{"rendered":"I.M.F. forecasts lower growth rates in former soviet republics in 2005-2006"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The Commonwealth of Independent States, including Moldova, will register an economic growth in 2005-2006 below the levels reached in the past two years, according to the latest global economy development report of the International Monetary Fund.<\/p>\n

Azerbaijan will be the only exception, as it will post a 21.6 percent growth in 2005 and 38.3 percent in 2006, the IMF forecasts.<\/p>\n

Forecasts show that Moldova will post a five-percent growth in 2005 and four percent in 2006. Armenia will register 9.5 percent and 14.2 percent, Tajikistan 8.0 percent and 7.0 percent, Georgia 6.0 percent and 5.0 percent, Kazakhstan 8.0 percent and 7.7 percent, Ukraine 7.0 percent and 4.0 percent, the Russian Federation 6.0 percent and 5.5 percent. A "relatively favourable" situation will be recorded in this region, the report said.<\/p>\n

The London-based Economist Intelligence Unit (EIU) forecasts a five-percent growth for Moldova in 2005 and 2006, and an inflation rate of 12.5 percent this year and 10 percent in 2006. The recent analysis of EIU "A General Sight on Moldova’s Economy" estimates a slow, but real growth of Gross Domestic Product. EIU experts warn that the narrow economic base, trade deficit and financial insufficiency are risky, but the significant growth of remittances of Moldovans who work abroad will partly reduce this risk.<\/p>\n

According to the EIU analysis, the payment of debts will be a problem in continuation, while their bilateral reduction is slowly progressing. Their restructuring takes place outside of the frame of the Paris Club without IMF’s intervention.<\/p>\n

The government forecasts a six-percent economic growth for 2005. Foreign experts were more sceptical regarding evolutions of Moldovan economy in the past three years, but results did not comply with their forecasts.<\/p>\n

Moldova registered a 2.1 percent growth rate in 2000, 6.1 percent in 2001, 7.8 percent in 2002, 6.6 percent in 2003, and 7.3 percent in 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>The Commonwealth of Independent States, including Moldova, will register an economic growth in 2005-2006 below the levels reached in the past two years, according to the latest global economy development report of the International Monetary Fund. Azerbaijan will be the only exception, as it will post a 21.6 percent growth in 2005 and 38.3 percent […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-235551","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

The Commonwealth of Independent States, including Moldova, will register an economic growth in 2005-2006 below the levels reached in the past two years, according to the latest global economy development report of the International Monetary Fund.<\/p>\n

Azerbaijan will be the only exception, as it will post a 21.6 percent growth in 2005 and 38.3 percent in 2006, the IMF forecasts.<\/p>\n

Forecasts show that Moldova will post a five-percent growth in 2005 and four percent in 2006. Armenia will register 9.5 percent and 14.2 percent, Tajikistan 8.0 percent and 7.0 percent, Georgia 6.0 percent and 5.0 percent, Kazakhstan 8.0 percent and 7.7 percent, Ukraine 7.0 percent and 4.0 percent, the Russian Federation 6.0 percent and 5.5 percent. A "relatively favourable" situation will be recorded in this region, the report said.<\/p>\n

The London-based Economist Intelligence Unit (EIU) forecasts a five-percent growth for Moldova in 2005 and 2006, and an inflation rate of 12.5 percent this year and 10 percent in 2006. The recent analysis of EIU "A General Sight on Moldova’s Economy" estimates a slow, but real growth of Gross Domestic Product. EIU experts warn that the narrow economic base, trade deficit and financial insufficiency are risky, but the significant growth of remittances of Moldovans who work abroad will partly reduce this risk.<\/p>\n

According to the EIU analysis, the payment of debts will be a problem in continuation, while their bilateral reduction is slowly progressing. Their restructuring takes place outside of the frame of the Paris Club without IMF’s intervention.<\/p>\n

The government forecasts a six-percent economic growth for 2005. Foreign experts were more sceptical regarding evolutions of Moldovan economy in the past three years, but results did not comply with their forecasts.<\/p>\n

Moldova registered a 2.1 percent growth rate in 2000, 6.1 percent in 2001, 7.8 percent in 2002, 6.6 percent in 2003, and 7.3 percent in 2004.<\/p>\n

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