wiiw Forecast Reports

ESTONIA: Revival of investment keeps growth buoyant

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Sebastian Leitner

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 64-67

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Investment activity revived in 2019, following last year’s slowdown. Furthermore, external demand continued growing at a higher pace than expected. Household consumption, backed by a considerable rise in employment and real wages, continues to be a strong driver of economic activity. We project GDP to grow at a rate of 3.4% in 2019, followed by a slowdown to 2.7% in 2020 and further to 2.4% in 2021.

 

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

Countries covered: Estonia


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