wiiw Forecast Reports

ESTONIA: At full capacity – heading for a soft landing


Sebastian Leitner

in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 84-87

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Investment activity will revive in 2019-2020, induced by inflows of EU funds and increased capital spending for machinery by enterprises. Household consumption, backed by a considerable rise in employment and incomes, continues to be a strong driver of growth. However, given the weakened outlook for external demand, exports will develop at a declining pace in the coming years. We project GDP to grow at lower rates of 2.9% in 2019 and 2.5% in 2020, while even diminishing to 2.2% in 2021. 


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

Countries covered: Estonia