Estonia is the only EU country that improved poverty risk
Estonian GDP decline has actually remained at 3%, thanks to innovative progress in the digitalization of services and milder restrictions.
Estonian GDP decline has actually remained at 3%, thanks to innovative progress in the digitalization of services and milder restrictions.
In front of a declining population due to ageing and emigration, digital innovation becomes crucial to increasing productivity and living standards.
While the reduction in foreign demand was responsible for two-thirds of the 2020 recession, industry and ICT will rebound this year.
Great hope is placed on the active contributions of ICT technologies, where growth in Latvian industry this year could reach 3-4%.
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.
Tallinn’s GDP will fall by 4.5%, while in 2021-22 will recover with the rebound in private consumption and investment. Public debt remains the lowest in the EU.