GDP

International Internet Magazine. Baltic States news & analytics Saturday, 24.06.2017, 18:49

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Economic growth in Estonia will get a boost from the need to invest in increasing productivity

Economic growth in Estonia will get a boost from the need to invest in increasing productivity

14.06.2017

Growth in the economy has picked up sharply as foreign demand has increased and the problems in certain individual sectors have eased. Cyclical indicators show the economy is currently growing at a rate that is faster than it can sustain over the long term. As growth is rapid and broadly based and unemployment is low, public sector spending funded by a budget deficit would increase volatility in the economy and damage the long-term growth prospects. Growth in investment gives hope that the earlier economic growth based on rising employment will be replaced by growth based on productivity, which will also help balance stresses in the labour market.

Keyword tags: Analytics, Banks, Economics, Estonia, GDP, Labour-market



Economic Growth Gathers Momentum

Economic Growth Gathers Momentum

02.06.2017

Economic growth in Latvia is gathering momentum, and in the first quarter gross domestic product (GDP) grew by 4% year-on-year (at constant prices; according to both seasonally adjusted and unadjusted data). Consequently, Latvia is presently recording the fastest pace of growth over last five years.

Lithuania's GDP grows 4.1% in Q1

Lithuania's GDP grows 4.1% in Q1

01.06.2017

Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in I quarter 2017, country’s gross domestic product (GDP) at current prices amounted to EUR 9.2 bln.


In absence of structural reforms, Latvia’s potential economic growth might be limited around 3% - IMF

In absence of structural reforms, Latvia’s potential economic growth might be limited around 3% - IMF

31.05.2017

In the absence of meaningful structural reforms, the underlying medium-term potential growth rate of the Latvian economy would be around 3% per year, said Ben Kelmanson, the head of the International Monetary Fund mission in Latvia.

GDP of Latvia has grown by 4 % over the year

GDP of Latvia has grown by 4 % over the year

31.05.2017

Data compiled by the Central Statistical Bureau show that in the 1st quarter of 2017, as compared to the 4th quarter of 2016, the gross domestic product (GDP) at constant prices increased by 1.6%, according to seasonally and calendar adjusted data. Over the 1st quarter of the present year, as compared to the corresponding period of 2016, GDP grew by 4.0% according to both – seasonally and calendar adjusted data, as well as non-adjusted data.


31.05.2017

GDP of Estonia increased 4.4% in the 1Q of 2017

According to Statistics Estonia, the gross domestic product (GDP) of Estonia increased 4.4% in the 1st quarter of 2017 compared to the 1st quarter of the previous year.

23.05.2017

Latvia's tax reform may cause significant deviation from permissible budget deficit level next year

The European Commission's analysis of Latvia's tax reform concludes that there is a significant risk of deviation from the Stability and Growth Pact requirements for 2018, informed LETA.

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