Conditions on the labor market are good from the contractor’s point of view despite the recession. Therefore, it can be assumed that when economic growth resumes, we will soon face a labor shortage again.
According to textbook wisdom, economic growth and the labor market go hand in hand. If the demand is weak, the need for labor also decreases. Although the economic recession is over today, Estonia’s GDP is almost 6% lower compared to the peak reached in 2022. This is a big fall. Looking at Estonia’s previous history, such a large drop in GDP could occur
Source: online.le.ee
