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IMF maintains f'cast for Moldova's 2021 GDP growth at 4.5%

IMF maintains f'cast for Moldova's 2021 GDP growth at 4.5% IMF and Moldova

CHISINAU (Moldova), October 12 (SeeNews) - Moldova's economy is expected to grow by a real 4.5% in 2021, the International Monetary Fund (IMF) said on Tuesday, maintaining its April forecast.

In 2022, the IMF expects Moldova's economy to rise by 5.2%, compared to 4% estimated in April, the Fund said in the October 2021 edition of its World Economic Outlook report.

"Compared to our July forecast, the global growth projection for 2021 has been revised down marginally to 5.9% and is unchanged for 2022 at 4.9%. This modest headline revision, however, masks large downgrades for some countries," the IMF said in the report.

Moldova's current account deficit is forecast to widen to 8.5% of GDP in 2021 from 6.7% in 2020. In 2022, the deficit is seen widening further, to 9.6%, the IMF said.

Moldova's consumer price inflation is seen at 4.9% in 2021 and at 5.5% in 2022.

Earlier this month, the World Bank said that it expects Moldova's economy to expand by 6.8% in 2021, raising its June forecast by 3 percentage points.