Global: Signs of a considerable cyclical upturn in advanced economies. Inflation pressure increases, but remains low in many regions. Political risks remain although they have decreased somewhat. Sweden: Growth broadens as an upswing in exports is paired with the strong…
The die is cast – the next move is the EU’s Limited effect of Brexit on the Baltic economies, so far Baltic interest – strong EU Wheels are set in motion On March 29, the UK gave formal notice of…
Average wages grew in all economic sectors. We expect the growth of average gross wages to slow from 7.6% in 2016 to around 5% in 2017. The growth of average gross wage accelerated to 7.6% in 2016. Net average wages…
In 2016, economic growth reached 1.6% in Estonia. Compared to 2015 it is a 0.2 percentage point increase, but nothing to be too proud of yet. Nominal growth of GDP accelerated from 2.5% in 2015 to 3.3% in 2016. In…
Notwithstanding political squalls blowing louder than ever, the global economy is forging ahead. The acceleration in economic growth and inflation are bringing us closer to an environment that we are accustomed to seeing as normal. Nevertheless, the spreading of protectionist…
Construction in Baltics will rebound for now Contraction is temporary Residential sector is stronger, at least in Estonia and Lithuania Construction costs will rise, but export potential is there Construction in Baltics will rebound for now
Statistics Estonia revised up to 1.3% its second estimate of the third quarter yoy GDP real growth in Estonia (flash estimate was 1.1%). Compared to the previous quarter, GDP grew by 0.2% (swda). Economic growth has decelerated a bit this…
Half-hearted reforms will not raise competitiveness and boost growth • Mind the risks to long-term growth • Exports hold the key to future growth in the Baltics • The services sector – stronger, smarter and more diversified Mind the risks to…
Economic growth in Estonia continued to be weak in the 3Q. According to the flash estimate, Estonian economy grew 1.1% yoy and 0.2% qoq (seasonally and calendar adjusted). The GDP has increased 1.1% yoy during the first three quarters. We…
Statistics Estonia revised second-quarter annual GDP growth 0.2 percentage points up to 0.8%. Regular revision of last four years was also published and led to changes in real growth rates of previous years. 2012-2014 GDP growth was revised down 0.9…
The events in the economy and politics over the last half-year have been unexpected. The UK referendum, the state of the US presidential election, the increase in popularity of extremist parties in Europe, and the diverging from democracy in some…
Wage growth remained rapid in the second quarter at around 8%, over the year. We expect average gross wage to rise by around 5% in 2017. In the 2nd quarter of 2016, the average monthly gross wage was 1,163 euros…
The number of inactive decreased by 19,000 people, over the year, in the second quarter of this year. In addition to tight labour market, inactivity declined due to state reforms – an increase in the retirement age and the rearrangement…
According to the flash estimate of Statistics Estonia, GDP growth in Estonia decelerated to 0.6% in the second quarter of 2016 (in the first quarter, Estonian economy grew by 1.7%). Deceleration of the growth rate was expected. First quarter economic…
Statistics Estonia did not revise the GDP growth of 1Q2016 with its second estimate: it remained 1.7% yoy and flat qoq (swda) in real terms. Despite the fall in prices, GDP growth reached to 3% in nominal terms (2.5% in…
