wiiw Forecast Reports

ESTONIA: Consumption growth remains robust


in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, , pp. 77-79

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Dragged down by dwindling external demand in the neighbouring countries to the east and the current decline in investments, the Estonian GDP will grow by 1.9% in 2015. Household consumption remains the strongest driver of economic activity. Over the next two years we expect a recovery in trade with countries to the west, while the decline in exports to Russia should come to a halt. Moreover, an upswing, particularly in public investments, should boost GDP growth to 2.6% and 2.8% in 2016 and 2017, respectively.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Estonia