• The current rate of growth in the economy cannot be maintained for long
  • The growth in corporate investment and profits is a positive change
  • There is increased upwards pressure on labour costs
  • There is a danger of overheating in the construction sector, which... more
Taavi Raudsaar Economist at Eesti Pank
  • Companies are still borrowing mainly from banks operating in Estonia
  • Household savings continued to increase faster than their debt liabilities in the first quarter
  • Growth in incomes and savings helps to reduce... more
  • Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased
  • Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term
  • As growth is... more
Taavi Raudsaar Economist at Eesti Pank
  • Estonian companies borrowed more than before from banks operating in Estonia, but less from elsewhere
  • The savings of households continued to increase faster than their debt liabilities
  • The indebtedness of the... more
  • A favourable external environment has encouraged Estonian exports and the economy
  • Faster growth will need investment to increase substantially
  • A more stable tax environment would help revive investment and growth
  • Competitiveness depends on the ability of... more

Speaking at a conference for industry on Thursday, Deputy Governor of Eesti Pank Ülo Kaasik said that faster economic growth will require investment and the state can help with this by reducing uncertainty about the future for business.

Mr Kaasik pointed out in his presentation that... more

  • Investment has fallen for three years and this has reduced the potential for growth in the coming years
  • Funding an increase in government spending from a budget deficit may boost growth in the short term, but may harm competitiveness in the long term
  • Improving... more
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