According to Lenno Uus, the head economist of Luminor, the economic growth in Estonia is overshadowed by a large number of questions. Photo: Mikk Keis Luminor’s head economist: the economy shows growth, but there is no broad-based rise. It will be important to see whether the additional money from the tax changes is spent or saved.

The further economic growth depends on the decisions made by Estonia in terms of investment, productivity and direction. The Estonian economy has returned to modest growth, but the recovery remains fragile and the growth rate depends on several uncertain factors, as revealed by Luminor’s new economic forecast. The bank forecasts continued two-percent economic growth for this year, but this outlook is overshadowed by geopolitical tensions, a possible rise in energy prices and internal risks, including the lack of economic policy in Estonia.

Topics: #growth #luminor #decisions

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