Estonia’s real GDP will continue to decline by 0.3% in 2024 but will increase by 2.8% in 2025, according to Swedbank’s latest macroeconomic forecast, ERR reports. The bank expects the current recession in Estonia to end in the middle of 2024. Moderate growth will return in 2025, driven by stronger domestic demand and exports. Annual inflation will drop to 3.7% in 2024 and to 2.7% in 2024. The unemployment rate will rise to 8.1% in 2024, before falling to 6.9% in 2025. Wages will grow by 7.3% in 2024 and 6.9% in 2025.
Read Less, Know More.
Via Baltica
Today's Top News from the Baltic States of Estonia, Latvia, and Lithuania.