
Energy turns on inflation alarm in Estonia
Energy prices are 22% higher and inflation will be maintained in the coming months by rising prices on the global market for raw materials and imported goods.
Energy prices are 22% higher and inflation will be maintained in the coming months by rising prices on the global market for raw materials and imported goods.
In the country, which became the fifth European economy with an average GDP of 4% in 2009-19, per capita income grew at a rate of 5.3%.
With consumer demand expected to rise, supply will struggle: businesses face rising commodities prices, lack of components and staff shortages.
The increase in tax burdens would fail to cover the promised reduction in the tax burden, causing more uncertainty and reduced investment.
While private consumption accounts for 58% of GDP, Warsaw’s economic performance depends less on exports than its regional partners.
The lack of investment weighs on real prospects and opportunities in the medium to long term, as private investment has been below the EU average for years.