Kaspar Oja ettekanne noorsotside baltikumi suveakadeemiast 2010.

1. Estonia, Latvia, Lithuania - who has done the best?! Kaspar Oja

2. GDP and domestic demand – recovery is about to begin GDP, volume 2000=100 Domestic demand, volume 2000=100 GDP, yoy growth Domestic demand, yoy growth

4. Sharp decline in consumption due to low savings

5. Investments as % of GDP

8. Growth of exports is positive in all three countries Exports (goods and services), volume, yoy growth

9. External balance (current account + capital account)

10. LABOUR MARKET AND COMPETITIVENESS

14. Flexibility in labour markets - contributions to compensation of employees Estonia Latvia Lithuania

15. Unemployment will remain high in the coming years

16. Youth unemployment could harm future potential

18. Although it is hard to find a job people seem to have hope as activity rates remain high

19. WHAT WAS DONE DIFFERENTLY BEFORE THE CRISES?

20. Estonian fiscal policy has been much different than in Latvia and Lithuania Budget surplus as % of GDP Government debt as % of GDP

21. Government expenditures 2005=1

22. Government expenditures yoy growth

26. Thank You!