Posts tagged as Estonia’s GDP

Estonia’s GDP to shrink 7% in 2020

Tuesday, May 19, 2020

Estonia’s GDP is estimated to shrink 7% this year and recover 5% in 2021, according to the latest forecast by Swedbank, cites LETA/BNS. Swedbank chief economist Tonu Mertsina said in a press release that the coronavirus crisis appears deeper and longer than the bank initially estimated in its baseline scenario two months earlier. On the other hand, the decline in the number of deaths and new infections in the United States and Europe…