Businessman Viljar Arakas sums up the outgoing year’s economic developments and takes a look into the coming ones.
At the end of each year, one can sum up the past 12 months with Priit Aimla’s timeless observation: the year will be remembered for being extraordinarily long.The year 2024 was no exception.Economically, it marks the beginning of significant trend shifts, driven by a multitude of underlying factors.
The 6-month Euribor, that irksome “freeloading and fridge-emptying roommate” of all mortgage holders and car lessees, is now in rapid decline, mirroring its steep rise that began in the second half of 2022.
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