wiiw Forecast Reports

ESTONIA: Tight labour market without overheating

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Sebastian Leitner

in: Strong Growth Amid Increased Negative Risks
wiiw Forecast Report No. Autumn 2018, November 2018 , pp. 84-87

The current report is only available to members and paying customers. Past issues become freely available online when the next report is released. Several individual sections of the report are freely available to download now (see below).

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Investment activity has abated so far in 2018, following last year’s peak growth induced by fresh inflows of EU funds. However, 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 3.5% in 2018 and 3.1% in 2019, while declining somewhat to 2.7% in 2020.

 

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

Countries covered: Estonia


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