
With production down and inflation, people are laid off
In Estonia, consumers have not been able to keep pace with inflation in recent months, and retail sales volumes have started to fall.
In Estonia, consumers have not been able to keep pace with inflation in recent months, and retail sales volumes have started to fall.
In Poland, the risk of annual growth falling to negative is high. And building construction will be one of the weakest spots of the domestic economy in 2023.
In Poland, organic food is going to reach 10% market share by 2030, while natural and organic cosmetics segment has been increasingly recognised.
Lithuania is the home to a few of the EU’s largest neo-banks and crypto platforms with one of the highest densities of start-ups per capita.
In 2021 the USA was the main investor in the country. Last September, the deficit on the current account balance slightly narrowed.
The rise in relative costs and the gas storage/demand gap in Latvia will make the path rockier, thus weakening competitiveness.
In 2021 and Q1 2022, the Polish metals and steel sector rose with elevated growth and profits, followed by additional purchases at the brick of the war.
Elevated inflation is weighing on the propensity to consume and keeps undermining the purchasing power, while GDP growth decelerates.
Fintech is one of the fastest growing sectors to the Baltic, with 118 of about 400 start-ups in 2021 (+57% to 2019).
Despite retail sales in Poland rising by 4.2% YoY in August, with the inflationary everything-bubble prospects for upcoming quarters are deteriorating.