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GDP growth smaller than expected

12.11.2015

SwedbankGDP growth slowed more than expected, from 1.9% in the second quarter to 0.5% in the third quarter, year on year.

Quarter-on-quarter change in GDP volumes was negative: -0.5%. During the first 9 months of the year, GDP in Estonia grew by 1.3%.

gdp

Economic growth slowed as the growth of the value added in manufacturing and trade diminished. The biggest positive contribution to GDP growth came from the real estate sector. Manufacturing has been hit by low export demand. Widening economic crisis in Russia, ongoing economic struggles in Finland and lower growth in Lithuania mean that demand in our main export markets is weaker this year.

gdp2

Economic growth is expected to accelerate next year. The economic sentiment indicators are pointing upwards. Demand in our main export markets is expected to strengthen. Higher export volumes would also lift investment volumes. The growth of private consumption is expected to decelerate as the growth of real net wages is forecasted to slow. As the contribution of consumption will decrease and the contribution of exports will increase, economic growth will become more balanced.

Seonduvad uudised

  • 08.09.2015 Swedbank flash comment Estonia : Weak foreign demand inhibits the economic growth in Estonia
    • GDP real growth 2% in the second quarter • Main contribution from private consumption, but investments decreased • Economic activities dependent on foreign demand (transportation and manufacturing) had the largest negative contribution to the         
  • 07.10.2015 Eastern European Outlook, October 2015
    The dual-track economic picture in Eastern (including Central) Europe will persist over the next two years. Conflict-plagued Russia and Ukraine will show continued weakness. In Russia, recession will linger during 2016 too, as plunging oil prices reb         
  • 08.12.2016 Baltic Sea Region Report
    Half-hearted reforms will not raise competitiveness and boost growth • Mind the risks to long-term growth  • Exports hold the key to future growth in the Baltics  • The services sector – stronger, smarter and more diversified  Mind the ri         
  • 30.08.2017 Nordic Outlook: favourable trends in the global economy foster faster growth for Estonia
    The economic trends have been favourable lately. In the first half of the year, Estonia’s economic growth reached figures we last saw in 2012, when we were recovering from the deep economic crisis. Estonia’s economy is very much dependent on         

Meist

Tõnu Toompark on kinnisvaraanalüütik, -konsultant ja koolitaja, kelle tegevusvaldkonnad on valdavalt: * elamispindade turg, turutrendid, tehingud, hinnad ning turuülevaated; * uute korterite arendamise mahud, müük, hinnad ja analüüsid; * üürituru pakkumine, tehingud ja hinnad ning üüriinvesteeringud, tasuvusarvutused; * elamispindade kättesaadavus numbrilisena; * koolitused eeltoodud valdkondades. Koolituste valdkonnaga on Tõnu Toompark seotud üle 25 aasta. Ta on avaldanud sadu ja sadu kinnisvarateemalisi analüüse, artikleid ja kommentaare. Tõnu Toompark on läbi viinud koolitusi nii kesk-, kutse-, kõrg-, kui ülikoolides, lisaks mitmetes koolitusettevõtetes. Näiteks Kinnisvarakool, Tallinna Tehnikaülikool, Eesti Ettevõtluskõrgkool Mainor, Estonian Business School, Tartu Ülikool, Tallinna Majanduskool.

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