There’s no easy nor rapid way out of stagflation
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
Estonian GDP shrank by 2.9% YoY: about 40% of the value created by companies is intended for export, which since last year has lost competitiveness.
Estonia has the highest educational rankings and its ICT sector is the most competitive in Europe, with appliances on bioengineering and healthcare.
In the first half of 2023, 333 export contracts worth over PLN 113 million were signed by Polish entrepreneurs, with PAIH facilitating B2B meetings (+73%).
Estonia brought €351M worth of FDI and 1600+ new jobs, while the digital health sector will grow 30% annually and reach €640B by 2026.
While most of consumers expect prices to stay high, Polish inflation is set to receive a boost with a 60% increase in child benefit payments (+0.8% GDP).
New projects in Latvia create 1160 workplaces and reach 371.5M. Over the next ten years, 509.8M will target the electricity transmission system.
Latvia’s inflation projections are revised downwards. But the wage-price spiral is not taken into consideration: in Q1 wages already edged up by 12%.
In 2022, the turnover of trade between Warsaw and Seoul amounted to USD 9 bn. The value of Korean exports reached USD 7.90 bn (+19%).
In a context of a technical recession and stuck employment, Lithuania still stands out in fintech and automotive to bounce back economic growth.
The purchasing power of wages has not yet returned to where it was, their paid-out exceeded 10% throughout the first five months of the year.