In the third quarter of 2024, Estonian GDP dropped by 0.7% y/y in real terms (seasonally non-adjusted), while remained at the same level compared to the previous quarter (seasonally and working day adjusted), according to the updated estimate of Statistics…
In Q3 2024, Estonian GDP dropped 0.7% y/y in real terms, while it increased 0.1% q/q (seasonally and working day adjusted – swda), according to the flash estimate of Statistics Estonia. The estimate met our expectations. Estonia has left economic…
Eesti Panga analüüs näitab, et võrreldes teiste Euroopa riikidega on Eesti pangandussektori eluasemeportfelli süsinikuintensiivsus ning seega ka selle laenuportfelli kliimariskid küllaltki tagasihoidlikud eelkõige tänu kütteliikide kombinatsioonile, mida Eesti majapidamised kasutavad. Kaasa aitavad ka pankade endi kliimaeesmärgid. Euroopa Liidu järelevalveasutused on…
The divergent development across countries and sectors has continued this year. Boosted by household consumption, the US economy has grown at a solid pace so far this year, albeit somewhat slower than in 2023. Following a longer period of stagnation,…
Estonian household consumption has been declining since the second half of 2022 and is still falling; however, real wages started to grow in the second half of 2023. Meanwhile, household confidence is at the level last seen during the Global…
The ECB has delivered a widely expected 25bp cut; still sees inflation falling to 2% We see two more cuts this year – in September and December The Governing Council decided today to cut the three key ECB interest rates…
Estonia’s GDP dropped 2.4% year-on-year in Q1 2024 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract at the start of the year, falling by 0.5% (swda) in the first quarter. Nominal GDP growth…
Estonia’s GDP dropped 2.7% year-on-year in Q4 2023 and 3.0% in 2023 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract in Q4, falling by 0.7% (swda). Nominal GDP growth slowed to 4.6% in…
In Q4 2023, Estonia’s GDP dropped 3.0% y/y in real terms and remained on the same level compared to the previous quarter (swda), according to the flash estimate of Statistics Estonia. Estonian GDP contracted 3.5% y/y (swda) and 3.4% (non-adjusted)…
Manufacturing weakness is spilling over to the rest of the economy Core inflation finally starts dropping ECB hiking is done, cuts on the horizon In Europe, disappointing data continued pouring throughout the summer and into the fourth quarter. Manufacturing continued…
In Q2, Estonian GDP declined 2.9% y/y (non-adjusted) and 0.2% q/q (swda). GDP has contracted 3.3% in real terms in 1H 2023. The GDP decline has receded gradually, while the largest contraction remained in 4Q 2022. We forecast 2% GDP…
AS Nordecon group company Embach Ehitus OÜ and Eesti Talleks AS signed a contract for the construction of the commercial building on Pirni 7/2 in Tallinn. The first floor of the four-story building with a closed net area of 2,254…
In Q2 2023, GDP dropped 3% y/y and 0.3% q/q (both swda) in real terms, according to the flash estimate of Statistics Estonia. GDP contraction in Q2 was below our expectations. However, the economic contraction is receding gradually. Estonian economy…
Baltic Horizon Fund today announces the release of its Annual ESG report 2022. Baltic Horizon launched its ESG strategy in 2019, and in the subsequent years, despite a challenging economic environment, the fund has increased its level of ambition, aligning…
Sweden: Economic growth has weakened Baltics: Insufficient demand and falling inflation Risks: Even weaker demand, higher unemployment, geopolitical pressures, deglobalisation Sustainability: Continued improvements are needed Swedish economy showed more resilience than expected in the first quarter, although a substantial positive…
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