
Shall the market decide on value and merit?
With government funding being increased alongside the decline in competitiveness, budget deficit and debt will only widen.
With government funding being increased alongside the decline in competitiveness, budget deficit and debt will only widen.
In Poland, construction output (-8.9% YoY ) was weaker than expected, while retail sales data indicates that sentiment remains cautious.
GDP growth in Q2 2024 was close to 3% YoY only thanks to consumption. Solid market economy will be back only upon the expiration of minimum wage policy.
Despite the deficit in May, a current account surplus of 0.8% of GDP is forecasted for 2024 thanks to the EU support and domestic demand.
This year Lithuania will grow by 2% and accelerate to more than 3% in 2025-26 driven by consumption and exports. However, risks arise from demographics and taxation.
The Estonian economy remained in recession in the first quarter, but Eesti Pank is more optimistic about the second half of the year as export rebounds.
Estonia’s success in startups and deeptech is attributed to a supportive ecosystem, innovative policies, and a strong talent pool.
In 2023, EUR 7.4 bn FDI flowed into Poland, making it the sixth-largest industrial real estate in Europe with the third-lowest unemployment rate.
In Poland, the increase in core inflation remains a problem. The return of market electricity prices won’t leave room for rate cuts.
Kaunas aircraft industry thrives with 2 new aircraft maintenance, 4 new routes, and 1,250+ new jobs in the region including pilots, cabin crew, and engineers.