wiiw Forecast Reports
ESTONIA: Exports and investment to recover slightly
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 76-78
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Household consumption remains the strongest driver of economic activity in Estonia, the major push factor being the rapid growth in both minimum and overall real wages. For the coming two years, we expect trade destined for Western countries to recover, while the decline in exports to Russia should
come to a halt. Moreover, an upswing in public investments should also lead to GDP growth picking up speed slightly: to 2.2% and 2.4% in 2016 and 2017, respectively.
Countries covered: Estonia