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Estonian GDP growth seen slower than expected

Christian Fernsby |
Estonia's gross domestic product (GDP) will grow 2.7% this year as the economic recovery is delayed by continuing restrictions stemming from the spread of the coronavirus, the central bank said.

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Topics: ESTONIA   

It had forecast 2.9% growth for 2021 in its December forecast.

"A new and aggressive outbreak and the restrictions imposed prevent the crisis from being resolved at the expected pace.

The economic recovery will be delayed to the second half of this year," the central bank said in its quarterly economic review.

The central bank raised its 2022 growth forecast to 5.0% from 4.2%.

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