16.06.2021
  • The Estonian economy had reached its pre-crisis level at the start of this year and the recovery is one of the fastest in Europe
  • The Estonian economy will grow by 5-8% this year and 4-5% next
  • The growth in the economy this year will be strongly affected by how much... more
16.12.2020

The latest economic forecast from Eesti Pank expects the Estonian economy to recover from the crisis in 2021 and to return to where it was before the crisis in the second half of next year. The outlook for the Estonian economy is uncertain though, as the pandemic remains impossible to predict... more

29.09.2020

The contraction in the Estonian economy in the second quarter was smaller than had been feared, but a new outbreak of the coronavirus will push the recovery of the economy further into the future. Once the restrictions introduced under the emergency situation were lifted, the economy started to... more

19.06.2020
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains a full forecast for the Estonian economy, while in March and... more
10.06.2020

Estonia is going through a global pandemic with wide-ranging economic consequences that will leave the economy 10% smaller than it was last year if the virus fades away and restrictions are not re-imposed. The economy has already started to recover as the restrictions that have been introduced... more

25.03.2020
  • The economic crisis has so far affected services businesses and the transport sector the most
  • How much the economy shrinks by will depend primarily on how long the restrictions last in Estonia and elsewhere, and how well companies are able to survive the crisis
  • If the... more
17.12.2019
  • The Estonian economy will grow by 3.4% this year and 2.3% in 2020
  • Growth in the economy will slow in the next three years as the outlook for foreign markets is poor and the previously strong growth in employment will start to fade
  • Unemployment will rise in... more
03.10.2019

The latest economic forecast from Eesti Pank expects the economy to grow by 3% this year, and by about 2% in the next two years. As demand for labour subsides in the cooling economy, wages are expected to rise more slowly from next year. The years of high inflation have also ended.

... more

12.06.2019

The Estonian economy will grow by 3.3% this year and 2.1% next. Growth in the economy will slow as export markets are weaker than before and there are still shortages of labour in Estonia. Wages will continue to rise despite the slower economic growth, but they will do so at a lower rate. Rising... more

19.12.2018
The Estonian Economy and Monetary Policy is an Eesti Pank review released four times a year that summarises the main recent events in the global and Estonian economies. Twice a year, in June and December, the review also contains the forecast for the Estonian economy for the current year and the... more
Subscribe to Keyword: economic policy statement
Subscribe to Keyword: economic policy statement