2022-03-19
When growth is consumption-driven, inflation is the price
The Latvian economy already returned to its pre-pandemic level in 2021, only thanks to household consumption, wage growth and savings.
Category: Economic Policy
2022-03-12
War heats inflation on trade deficit and real growth
In Lithuania, the inflation rate reached around 11% in early 2022, and heating bills are expected to increase by 50% to 60%.
2022-03-05
Stimuli: productivity boost, or energy costs burning us out
Following a record GDP growth (8.5%) in 2021, the Estonian economy will slow in 2022, still maintaining a strong pace (+4%).
2022-02-26
Beware of Kaliningrad, the spearhead of the attacker in the Baltic
NATO’s Achilles heel in the Russia-Ukraine war. Beware of Kaliningrad, Russia outside Russia, a crossing point between Europe and the three Baltic countries.
2022-02-19
Lithuania: CAB down despite the good performance in services
Last December the surplus on the CAB contracted to €66.5 million due to a significant widening of the foreign trade deficit.
2022-02-12
Polish hawkish rhetoric sees hope in a stronger złoty
GDP and consumption booms continue, but price-wage spiral too, as consequence of expansionary economic policy in recent years.
2022-02-05
Damage to competitiveness isn’t transitory, hope and rhetoric are
Riga is facing multiple challenges: energy prices, increasingly unemployed, a domestic market fall, global supply chain disruptions.
2022-01-29
e-Estonia: innovation can free us from the wage-price spiral
The example of Estonia suggests that the focus on an efficient allocation of resources works more effectively than a stimulus of demand.
2022-01-22
Lithuania: CAB down, but exports and reinvestments keep up
Lithuanian export of goods rose more rapidly than imports. The largest share of FDI was attracted by companies in financial and insurance activities.
2022-01-15
Too little too late in raising interest rates now?
NBP action lags behind other CEE central banks, while authorities pretend the elevated CPI to be a result of external supply shocks.