wiiw Forecast Reports
ESTONIA: Investment and exports to gain momentum
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in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 66-68
ESTONIA
Household consumption, backed by a rapid rise in minimum and overall real wages, continues to be the strongest driver of economic activity in Estonia. For the two years ahead we expect a recovery in terms of trade with Western markets, while the decline in exports to Russia has already steadied. Moreover, an upswing in public investments should also speed up economic activity next year. GDP growth is projected to increase from 1.6% in 2016 to 2.2% in 2017.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Estonia