IMF leaves Estonia's growth forecast unchanged at 2.5 percent ({{commentsTotal}})

The IMF's forecast for Estonia's economic growth in 2017 remained unchanged at 2.5 percent.
The IMF's forecast for Estonia's economic growth in 2017 remained unchanged at 2.5 percent. Source: (AFP/Scanpix)

In its fresh forecast, the International Monetary Fund (IMF) estimates that the Estonian economy will grow 2.5 percent this year, which is unchanged from its October 2016 forecast, while the economy is expected to grow 2.8 percent in 2018.

The IMF forecasts Lithuania's economic growth to total 2.8 percent this year and 3.1 percent next year, and Latvia's growth to total 3 and 3.3 percent, respectively. Meanwhile, Finland's economy is to grow 1.3 percent in 2017 and 1.4 percent in 2018, the IMF said in its World Economic Outlook published on Wednesday.

The IMF estimates that the Estonian consumer price index will grow 2.5 percent this year and 2.8 percent in 2018. The current account balance is estimated to be positive — 1.4 percent in 2017 and 0.9 percent in 2018. Unemployment in Estonia is forecasted to reach 8.3 percent this year and 8.9 percent in 2018.

In the economic forecast published by the Ministry of Finance at the beginning of April, Estonia's economic growth was estimated to amount to 2.4 percent in 2017 and 3.1 percent in 2018.

Editor: Aili Vahtla

Source: BNS