IMF announces a record world economic increase in 2006

International Monetary Fund (IMF) estimates a global economic increase with 4.8%. IMF chairman Rodrigo Rato said that the economic progress would get over the level of 4.3%, estimated previously by IMF, as result of certain improvement of the economic situation in Europe and Japan, according to international press reports. In Rato’s opinion, the economic area is very "prolific", thus the low rates of interests and positive effects of globalisation misbalanced the negative impact of the price of the petroleum over economic growth and inflation rate. "World economy increases faster than we expected in September," Rato noted. Government of Moldova forecasts for this year an economic growth of 6.5%, compared to 7.1%, in 2005 and 7.3% in 2004. Independent experts show an increase of 6%, and international institutions 5.0-5.5%.