Kristiina Kulman<br />Sille Liiv<br />Recent and future economic developments<br />
General External Environment<br />End of 2009 - improvement in future outlooks for the economy.<br />Economic growth expec...
Estonias economy<br />Economic growth and external demand. Recovery of export volumes.<br />Estonia`s exports in strong co...
Labour market. The unemployment rate soared to 15.5% in the last quarter of 2009.<br />General government, 28 January 2010...
Exports of Estonia, Finland and Sweden<br />
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Recent And Future Economic Developments

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Recent And Future Economic Developments

  1. 1. Kristiina Kulman<br />Sille Liiv<br />Recent and future economic developments<br />
  2. 2. General External Environment<br />End of 2009 - improvement in future outlooks for the economy.<br />Economic growth expected to be 3.9% for 2010 and 4.3% for 2011 according to the IMF-s global economic growth forecast.<br />Interest rates continue to be favourable throughout 2010.<br />Although the global economic recovery outlooks are improving there are still several risks.<br />
  3. 3. Estonias economy<br />Economic growth and external demand. Recovery of export volumes.<br />Estonia`s exports in strong correlations with our main trading partners Finland and Sweden.<br />Domestic demand and external balance. Domestic demand weak, high and growing unemployment, declining wages and heavier tax burden. Current account balance improved rapidly due to weak domestic demand.<br />Inflation.Year on year consumer prices declined over entire second half of 2009. According to Eesti Pank`s autumn forecast the consumer basket will decline by 0.4% in 2010.<br />
  4. 4. Labour market. The unemployment rate soared to 15.5% in the last quarter of 2009.<br />General government, 28 January 2010 new convergence programme which sets the task of achieving a general government budget surplus.<br />Banking sector, risks to financial stability shrank notably in 2009 , banks are expected to start posting profits in 2010.<br />
  5. 5. Exports of Estonia, Finland and Sweden<br />
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