
Hope dies last, but doesn’t clear the dark clouds
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
Despite the decline in manufacturing, ING sees encouraging signs. However, wage growth leaves no space for doubt: the double-digit core inflation will stay.
Latvia is not yet viewed as an innovation leader and is taking action to integrate into the European digital community.
Estonia receives more financials from abroad than it is investing: services exports drop (-2% YoY), and the consolidated debt grows +9% YoY.
Estonia is the world’s most advanced digital society, where AI optimizes business processes, customer service, quality control, and risk mitigation.
Inflation will close to 9%, while the low estimates of competitiveness in Germany and Finland deepen the economic uncertainty.
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
Estonia brought €351M worth of FDI and 1600+ new jobs, while the digital health sector will grow 30% annually and reach €640B by 2026.
In a context of a technical recession and stuck employment, Lithuania still stands out in fintech and automotive to bounce back economic growth.
Pressure on current expenditures in social, healthcare, and defence will only mount over time. Business expectations are indeed pessimistic.
Lithuania’s highly educated workforce, modern infrastructure, and favourable business environment generate massive start-up opportunities.