OREANDA-NEWS. August 19, 2013. This year the national economy will make a rally, becoming stable in 2014, Expert Grup’s research “MEGA: Analysis of Economic Growth of Moldova” says. Favourable weather conditions are said to boost the agriculture by 20%, which will ensure a half of a GDP growth expected this year.

Next year, the national economy will derive its strength from the service industry chiefly, which will ensure a half of 4.6% GDP is expected to grow by in 2014. According to experts, the economy of Moldova will still be very dependent on final consumption, which will remain the basic mid- and long-term growth factor.

As previous years, the year of 2013 signalled vulnerability of the national economy to external shocks and climate conditions. All the risks will stay provided that no measures are taken to enhance Moldova's competitiveness, experts believe. Economic advancement requires more efficient work of the Customs Service, modern road infrastructure, more accessible technologies and transparent, reliable and efficient justice, the research says. This year, the pace of growth of the economy of Moldova will slow down, experts think.

They explain this by a greater number of structural obstacles and by some other reasons, such as poor human resources, the aging population, lack of capital investment, slow adoption of new technologies, a big share of public enterprises, inefficient justice and a high level of corruption.