Estonia’s balance of payments for 2015

The euro area economy as a whole grew faster in 2015 than in the preceding years, and by the end of the year total output had reached about the same level as before the crisis. Economic growth in Estonia unfortunately slowed and was the slowest of the past six years, remaining below the long-term potential of the country. The slowdown was mainly due to the weak economic climate in several neighbouring countries and the restricted ability to export that followed from that. This left growth largely based on increased domestic consumption while both exports and corporate investment declined.

Read more from Bank of Estonia website

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: