{"id":2314,"date":"2020-01-13T00:25:02","date_gmt":"2020-01-12T22:25:02","guid":{"rendered":"http:\/\/zdg.md\/eng\/?p=2314"},"modified":"2020-01-13T00:25:04","modified_gmt":"2020-01-12T22:25:04","slug":"world-bank-writes-about-the-large-states-presence-in-moldovas-economy","status":"publish","type":"post","link":"https:\/\/www.zdg.md\/en\/world-bank-writes-about-the-large-states-presence-in-moldovas-economy\/","title":{"rendered":"World Bank Writes About the Large State’s Presence in Moldova’s Economy"},"content":{"rendered":"\n

At the beginning of the year the World Bank released its report on Global Economic Prospects forecasting a modest 2.5 percent global economic growth in 2020, ahead of a potential trade war between the United States and China. <\/strong><\/p>\n\n\n\n

According to the World Bank’s report, Moldova’s economic growth for 2020 will be 3.6 percent and 3.8 percent in 2021 and 2022. <\/p>\n\n\n\n

Moldova’s economy and its development will be strongly interlinked with the economic situation in the European Union (E.U.), Russia and Turkey which are the main trading partners. <\/p>\n\n\n\n

According to the same report Moldova is among the countries with major problems in the educational system and professionals in the economic field. <\/p>\n\n\n\n

At the same time, the state’s presence in Moldova’s economy remains large accounting for one-third of the country’s GDP. <\/p>\n\n\n\n

In Ukraine, firms with at least partial state presence account for roughly 20 percent of total turnover by firms and over 25 percent of firms\u2019 assets.<\/p>\n\n\n\n

In Eastern Europe and Central Asia, and to some extent Russia, the state\u2019s presence in the economy remains large, with state ownership accounting for more than 10 percent […] <\/p>\n\n\n\n

Restructuring or privatizing state-owned enterprises therefore still presents an opportunity to raise economy-wide productivity in several countries across the region, if it is accompanied by effective regulation and improvements in management, corporate governance, and the business environment. <\/p>\n\n\n\n

Read the whole report here<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

At the beginning of the year the World Bank released its report on Global Economic Prospects forecasting a modest 2.5 percent global economic growth in 2020, ahead of a potential trade war between the United States and China. 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