Estonia returns to growth (+3.4%) driven by exports (+10%)
While the reduction in foreign demand was responsible for two-thirds of the 2020 recession, industry and ICT will rebound this year.
While the reduction in foreign demand was responsible for two-thirds of the 2020 recession, industry and ICT will rebound this year.
Last year Poland recorded current account surpluses in each month, accounting for 18.4 billion euros. But retail sales fell 6.0% YoY in January.
The lack of investment weighs on real prospects and opportunities in the medium to long term, as private investment has been below the EU average for years.
Great hope is placed on the active contributions of ICT technologies, where growth in Latvian industry this year could reach 3-4%.
There are no adequate financial instruments in Lithuania or they are not flexible enough: Vilnius must seek finance sustainable areas more quickly.
Digitalisation is a tool to simplify life: at the heart it’s the trust in the institutions and the conviction that everyone will reap its benefits.
Private consumption will remain strong thanks to rising incomes, pension indexation, higher minimum wages and a vibrant labour market.
Latvian GDP growth fell by -9.2% and the current account deficit is on the rise. Loans to the private sector are held back by an extensive informal sector.
EU leaders have reached a compromise to unlock the €1.8 tn Recovery Fund: any sanction could only start after approval by the EU Court of Justice.
Brussels is ready to endorse the alternatives and proceed without Warsaw and Budapest, whose subsidies are estimated at 3% of GDP.