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The Bank of Estonia deteriorated the country's GDP growth forecast in 2018 from 4.2% to 3.5%. In 2019, the forecast for economic growth was raised from 3.1% to 3.6%. In 2020, growth is expected to slow to 2.5%, which is due to a decrease in free production resources. The regulator notes that demand is growing faster than the production growth. According to it, the slowdown in economic growth is the result of low investments in the business sector. The Central Bank expects that in 2018 the consumer price index will grow by 2.8%, in 2019 - by 2.5%, in 2020 - by 1.9%. The Bank of Estonia forecasts an increase in the unemployment rate from 6.9% in 2018 to 8% in 2019 and 8.2% in 2020.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
The Dollar traded lower earlier on Friday in Asia, continuing its descent from the previous session as the U.S. struggles to curb the rapid increase of COVID-19 cases in the country. In addition, recent data showing an unexpected rise in unemployment ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
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