The Bank of Estonia lowered the forecast for the country's economic growth for 2018

The Bank of Estonia deteriorated the country's GDP growth forecast in 2018 from 4.2% to 3.5%. In 2019, the forecast for economic growth was raised from 3.1% to 3.6%. In 2020, growth is expected to slow to 2.5%, which is due to a decrease in free production resources. The regulator notes that demand is growing faster than the production growth. According to it, the slowdown in economic growth is the result of low investments in the business sector. The Central Bank expects that in 2018 the consumer price index will grow by 2.8%, in 2019 - by 2.5%, in 2020 - by 1.9%. The Bank of Estonia forecasts an increase in the unemployment rate from 6.9% in 2018 to 8% in 2019 and 8.2% in 2020.

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