Estonia's GDP will grow by 3.1% in 2019, the country's ministry of finance predicts

118129

The Estonian Ministry of Finance has improved the country's GDP growth forecast this year to 3.1% from 3%, BNS reports. According to the ministry, in 2020 the economy will slow down to 2.7%, and by 2024 it will be at the level of 2.5%. The ministry’s report says that the growth rate of the Estonian economy will slow down in the long run against the backdrop of a global slowdown, but export growth will continue due to the competitiveness of Estonian enterprises, and their investments will also increase. In 2019, inflation is expected to be 2.1%, with its value remaining around 2% in subsequent years. The Ministry of Finance predicts a rise in consumer prices due to an increase in the cost of food and services. The Bank of Estonia expects consumer prices in 2019 to grow by 2.1%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: