wiiw Current Analyses and Forecasts
Estonia: Consumption should avert a second dip
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in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 75-77
In Estonia the ongoing recessionary economic environment in the EU in general and stagnation in the Scandinavian countries placed a strain on the country’s growth prospects. Thus, the mood of entrepreneurs to invest remains subdued, while public investment activity has been sharply curtailed compared to the recent recovery phase. Only household consumption is fuelling GDP growth thanks to real wages increasing more than productivity.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Estonia