Moldova's economy will grow by 2.8% in 2024, supported by real wage growth, lower inflation, favorable interest rates and positive fiscal stimulus - WB
World Bank experts expressed this opinion within the Economic Press Club meeting, at which there were presented Moldova's economic prospects from the World Bank's new Economic Outlook. WB experts noted that although real remittances have decreased, private consumption is expected to remain a key factor of growth, supported by a gradual improvement in investment activity. Imports are projected to increase, while exports will face weak external demand, resulting in a negative contribution from net exports. On the supply side, growth will be supported by domestic trade as disposable incomes rise and the ICT sector performs strongly. The industrial sector is also expected to contribute more to growth, although external demand remains below pre-2021 levels, which could limit its full potential. Despite a bountiful harvest in the first half of the year, growth in the agriculture sector is expected to be modest due to the summer drought. The transportation sector is likely to have a negative impact on economic growth as trade flows to and from Ukraine are declining. //25.10.2024 - InfoMarket.
