The International Monetary Fund (IMF) has raised its 2019 economic growth forecast for Estonia by 0.2 percentage points to 3.2 percent.
In its summer forecast, the IMF estimated the Estonian economy would grow 3 percent this year.
In its latest forecast, the IMF leaves the growth forecast for 2020 unchanged at 2.9 percent.
In the fourth quarter of 2019, Estonia’s GDP is forecast to grow by 2.1 percent. The growth rate in the final quarter of 2020 is forecast hit 3.4 percent.
The consumer price index (CPI) in Estonia is estimated to increase 2.5 percent this year and 2.4 percent in 2020. In the fourth quarter, inflation is estimated to equal full-year inflation in both years, hitting 2.5 and 2.4 percent, respectively.
Estonia is expected to run a current account surplus of 0.7 percent of GDP this year and 0.3 percent of GDP in 2020.
Unemployment, meanwhile, is forecast to decline by 0.7 percentage points to 4.7 percent this year and remain steady in 2020.
The IMF cut its 2019 growth forecast for Latvia by 0.4 percentage points and 2020 forecast by 0.3 percentage points to 2.8 percent in both years.
Its forecast for Lithuania, meanwhile, was raised by 0.5 percentage points to 3.4 percent in 2019 and 0.1 percentage points to 2.7 percent in 2020.
