The main scenario for today is a slight economic growth

SEB economist Mihkel Nestor suggests that Estonia will most likely experience moderate economic growth in 2025, but scenarios of prolonged stagnation or stronger than expected growth cannot be ruled out.

  • “As economic news gradually becomes more positive, consumer courage is returning. The fact that changes are already taking place is indicated, for example, by increased activity in the real estate market,” writes SEB economic analyst Mihkel Nestor. Photo: Own archive

Just like last year, 2025 did not start off on a happy note economically. Recent economic indicators show retail sales are 15% below their peak, industrial output is only 80% of its previous high, and economic confidence remains low among both businesses and consumers. On the other hand, the situation is reminiscent of last year, when, against the backdrop of gloomy economic statistics, optimistic notes began to sound in the reasoning of economists.

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Source: www.dv.ee