Swedbank reported a 2.1% decline in GDP for the first quarter of the year, compared to the same period last year. This figure aligns with expectations. According to a press release from Statistics Estonia, GDP remained unchanged from the fourth quarter. However, preliminary calculations by Swedbank indicate a slight decrease, confirming the ongoing recession, according to head economist Tõnu Mertsina. Topics: #swedbank #year #quarter Post navigation BLOG ⟩ Government Press Conference: bottom in the economy reached, now only possible to rise Blue frogs move around
“It’s encouraging to hear Swedbank’s forecast for a potential economic rebound, though the initial figures remain concerning.” Reply