NEWEST ⟩ Luminor Economic Forecast: What Will Happen to the Estonian Economy

ECONOMICS ATTEMPTED ⟩ Luminori economic forecast: what will happen to the Estonian economy PM Economics 18. March 2026, 10:30 According to Luminori’s forecast, the Estonian economy will grow slightly, but its pace and sustainability remain in question. The fresh spring forecast presented on Wednesday notes that both this year’s and the coming years’ development trends will be determined by geopolitical risks, defense spending, and factors closer to home – people’s own consumption decisions.

One important factor that will give a significant tone is, according to Luminori’s chief economist Lenno Uusküla, how Estonian families use the extra money that has been received in personal budgets through tax reform – this is nearly 500 million euros for all wage earners combined. Will it reach consumption and support the economy or, due to uncertainty, will it remain in savings and

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