2022-03-05
Stimuli: productivity boost, or energy costs burning us out
Following a record GDP growth (8.5%) in 2021, the Estonian economy will slow in 2022, still maintaining a strong pace (+4%).
Tag: inflation
2022-02-12
Polish hawkish rhetoric sees hope in a stronger złoty
GDP and consumption booms continue, but price-wage spiral too, as consequence of expansionary economic policy in recent years.
2022-02-05
Damage to competitiveness isn’t transitory, hope and rhetoric are
Riga is facing multiple challenges: energy prices, increasingly unemployed, a domestic market fall, global supply chain disruptions.
2022-01-29
e-Estonia: innovation can free us from the wage-price spiral
The example of Estonia suggests that the focus on an efficient allocation of resources works more effectively than a stimulus of demand.
2022-01-15
Too little too late in raising interest rates now?
NBP action lags behind other CEE central banks, while authorities pretend the elevated CPI to be a result of external supply shocks.
2022-01-08
Polish focus is on wages and demand, not production
The risk of wage-price spirals is increasing in front of labour shortages, commodity prices, and the tax changes introduced in the new “Polish Deal”.
2022-01-01
How to stop the wage-price spiral killing production?
Estonia showed one of the fastest recoveries from the crisis with an economic growth of 8%. However, a slow down is now expected.
2021-12-25
Productivity and competitiveness overcome any narrative on “transitory” factors
GDP growth projections for 2021-22 have been revised downwards, hit by shortages of materials, equipment, labour and rising energy costs.
2021-12-11
Inflating consumer’s demand is not the antidote to the pandemic
In Latvia, real GDP has decelerated, hit by production and supply disruptions. The growth of purchasing power is uneven and exceeded by wages.
2021-12-04
Is budget to balance the key to enhancing real growth?
In Estonia, inflation of 7% in October was caused by a sharp rise in energy prices and blockages in the supply chain. Demand is driving an economic growth.