Rate cuts are unlikely, as the context is odd
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.
High inflation has translated not only into a decline in real purchasing power, but also in construction- (-1.5%) and industrial production (-2.9%) drops.
Tallinn has not only consolidated its competitive IT sector and business environment: now finance and insurance firms lead the flow of FDI abroad.
This year a potential investment of €1.9 billion in 40 projects are targeting Latvia, among which Marcegaglia steel and Roche biotech.
A GDP contraction of –0.3% is predicted for this year in Lithuania, with +2.7% growth in 2024. Inflation to decrease more slowly than expected.
Poland will temporarily stop all imports of grain from Ukraine. How additional restrictions to free markets would now improve the outlook?
Uncertainty is the key factor in Estonia’s GDP forecast, which is built on the back of the 2022 downturn: energy and consumer prices, purchasing power, and business confidence.
Brussels wants to get tougher with Beijing over an economic and trading relationship: are anti-coercion instruments an option on the table?
The Polish industrial production fell 1.2% YoY, with GDP growth down to 1% in Q1. Wages continue to feed inflation, putting pressure on real disposable incomes.
The rapid growth in wages drives domestic inflation. While higher energy prices, reduced access to raw materials, and weaker demand hamper exports.
While the global economic situation is deteriorating, the focus should be reversed on GDP growth and net exports, targeting core inflation.