Estonia’s GDP will decline by 2.2% in 2023 and grow by 1.4% in 2024 and 4% in 2025, according to the Bank of Estonia’s latest forecast, ERR reports. In June 2023, the central bank projected a 1% drop in GDP in 2023 and a growth of 2.4% in 2024. Annual inflation will amount to 9.4% in 2023 and 3.4% in 2024, the central bank now forecasts. Unemployment will reach 8% in 2024, while wages will grow by an average of 6% in 2024-2025.
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