Posts tagged as Baltic economies

Estonia’s GDP to shrink 7% in 2020

Tuesday, May 19, 2020

Estonia’s GDP is estimated to shrink 7% this year and recover 5% in 2021, according to the latest forecast by Swedbank, cites LETA/BNS. Swedbank chief economist Tonu Mertsina said in a press release that the coronavirus crisis appears deeper and longer than the bank initially estimated in its baseline scenario two months earlier. On the other hand, the decline in the number of deaths and new infections in the United States and Europe…

Latvia to grow fastest of Baltic economies in 2018

Wednesday, April 18, 2018

Latvia is expected to register faster economic growth than its Baltic peers in 2018, the International Monetary Fund (IMF) said on April 17th, reports LETA/BNS. Lithuania’s GDP is estimated to grow 3.2% this year and a further 3% in 2019, while growth in Latvia should be 4% and 3.5%, respectively. Estonia meanwhile is expected to see growth rates of 3.9% and 3.2%, the IMF said in its latest forecast published…