Analytics, Economics, Estonia, GDP, Markets and Companies

Swedbank said in the report that Estonia's economic growth forecast in 2015 was revised down, primarily due to a weaker external economic environment and its negative impact on exports and business sector investments.

At the same time, private consumption, supported by a robust growth of wages and super-low inflation, will contribute strongly. Consumer price index growth was revised down to 0.3% for this year from 1.3% forecast in November.

Economic growth will accelerate in Estonia in 2016 as the economic environment in the region improves, Swedbank said. Its forecast for economic growth for 2016 is 2.7% versus 3% forecast in November.