MEGA - Analysis of Economic Growth in Moldova, No. 9, 2013
Automatically translated summary. The full text is available in Romanian.
Issue No. 9 (2013) of MEGA, the economic growth analysis series on Moldova, forecasts a minor recovery of the Moldovan economy in 2013, followed by moderate stabilisation in 2014. The publication, accompanied by a presentation and an infographic, outlines the drivers and risks of this growth.
Favourable weather in 2013 will trigger a compensatory 20% rise in agriculture, providing about half of the forecast 4.4% GDP growth for the year. In 2014, services will lead the economy, providing almost half of the forecast 4.6% GDP growth.
Overall, the economy remains heavily dependent on final consumption, which will stay the main growth driver in the short and medium term. The earlier risks and vulnerabilities of a growth model based on consumption and a high trade deficit will therefore persist unless decisive action is taken to strengthen national competitiveness. This requires an efficient Customs Service, modernised road infrastructure, facilitated technology transfer and a transparent, accountable and efficient judicial system.
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