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Macro - Country Economic Forecasts - Estonia

Publisher Oxford Economics
Published Jan 08, 2025
Length 6 Pages
SKU # OFE19593728

Description

We forecast GDP growth for Estonia at 2.5% for 2025. We see signs of a recovery this year, but without a swift domestic turnaround it will be weak initially. Estonia's GDP growth was positive again in Q3 2024, but was close to stagnation at 0.03%. This lack of momentum bodes poorly for growth prospects. Unlike in 2008 and 2020, when GDP posted a clear one-quarter bottoming out followed by a swift return to growth, we think the trough of the recession of the last two years will be at least three quarters, in the absence of major historical data revisions.

Table of Contents

6 Pages
Estonia: A long trough in economic activity and a delayed recovery
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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