
Only hope remains when market distortions are even stronger
Market expectations of rapid disinflation remain, but underlying risks come from commodity costs, monetary supply, and trade protectionism.
Market expectations of rapid disinflation remain, but underlying risks come from commodity costs, monetary supply, and trade protectionism.
Estonia is holding strong with €75M attracted FDI with energy & climate the hottest categories. Now the plan is to reach 500 DeepTech startups by 2030.
Estonia’s FinTech success (+42% income) is attributed to local digital infrastructure, people capital, and the world’s best tax system.
The core inflation is persistently higher than headline, while expansionary fiscal policy increases the pressure and weaken the competitiveness.
The current decline in Estonia’s exports is more a reflection of the weakness in foreign markets and the problems with competitiveness.
Estonia has the most startups and unicorns per capita in Europe, a result of its leadership in education, where digitalization is a cornerstone.
Reliable infrastructure and flexible IT talent make Lithuania fly: 61% of GBS and ICT centres expand existing functions over 2023.
GDP growth to be close to 2% YoY in 4Q23 and around 0.4% for the whole year, but the level of core prices stands still (8%).
In an open system, economic transformation led by the freedom of private initiative requires to focus on the amelioration of market exchange.
Economic downturns propel new ventures like the Nordin Tech Valley, where the combined valuation of Estonian, Finnish, and Swedish enterprises nears 400bn.