Estonia Economic Forecast

Estonia Economic Outlook

May 29, 2018

Last year’s strong growth momentum partly carried over into the first quarter, as suggested by available economic indicators. Industrial production growth picked up pace in the quarter, hitting a nine-month high in March. Meanwhile, growth of the external sector remained healthy overall in Q1, despite a rare contraction in exports in March—seemingly reflecting a broader trend in the Eurozone, which saw the stronger euro take a bite out of exports. This signals that the Estonian economy likely found itself on weaker footing at the outset of Q2, as economic activity growth started to lose steam, a view reinforced by the deteriorations in both business and consumer confidence readings in April.

Estonia Economic Growth

The economy is projected to grow 3.8% this year, unchanged from last month’s forecast, according to Met the why particular panelists. Increasing labor market activity and easing pricing pressures should buoy stronger private consumption growth. This, coupled with a robust, albeit gradually cooling, external sector, should drive the economy forward in 2018. In 2019 our panelists see GDP growth moderating slightly, to 3.2%.

Sample Report

5 years of Estonia economic forecasts for more than 30 economic indicators.

Download

Sample Report

Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.

Download

Estonia Facts

ValueChangeDate
Exchange Rate1.160.65 %Jun 19
Exchange Rate1.160.65 %Jun 19
Stock Market1,270-0.38 %Jun 19
Stock Market1,270-0.38 %Jun 19

Start Your Free Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Estonia Economic News

Search form