The European Commission has upped its growth forecast for the Estonian economy in 2019, from 2.9 percent in July, to 3.2 percent in its latest prognosis.
At the same time, BNS reports, the commission lowered its 2020 forecast by two percentage points, to 2.1 percent growth.
The commission’s growth forecast for 2021 remains set at 2.4 per cent at the moment.
Strong private sector investments and a flexible labor market have behind much of Estonia’s growth for the first half of 2019, the commission said.
VES/ERR News
