News

photo source: diez.md

Posted by: Daniela Socolovschi

News / Economic

19 May 2020 / 18:10

NBM report: The annual inflation rate will continue its downward trend

The annual inflation rate will continue its downward trend. The report of the National Bank announces that the decrease in prices is largely determined by the disinflationary pressures associated with aggregate demand and by the reduction of tariffs on petroleum products and raw materials on the international market. At the same time, these pressures will be mitigated by the meteorological conditions and the adjustment of the value of the national currency against the main reference currencies, reports Moldova 1.

According to the document, the annual inflation rate will decrease by the end of the year, to a minimum of 3.5 percent. This trend will continue at the beginning of 2021.

The annual growth rate of food prices, although declining considerably in the first quarter of the forecast, will remain at a relatively high level until the second quarter of 2021, then declining towards the end of the forecast horizon.

The National Bank announces that the first three months of the year were unfavorable for the world economy due to the COVID-19 pandemic. For 2020, the deepest crisis of the world economy of the last century is anticipated, after which in 2021 the recovery of the world economy is expected, but not able to reach the pre-crisis level.

Show Comments