The turnaround is close
The second wave of the corona pandemic is still having a profound impact on economic activity globally, as well as in the Nordic and Baltic countries. Restrictions have once again been imposed on many activities, the spread of the infection remains high, and health care systems are heavily burdened in many countries.
The Baltic economies suffered relatively small economic setbacks during 2020. Alas, the last year has ended and this one begins with the pandemic still far from being contained, meaning that prolonged stringent lockdowns will continue dragging down growth. We see all three Baltic economies starting to recover more forcefully only in the second half of this year, with GDP growth rising above 4% in 2022.
For more information, contact:
Estonia: Tõnu Mertsina, Chief Economist Estonia, +3728887589
Latvia: Liva Zorgenfreija, Chief Economist Latvia, +37167445844
Lithuania: Nerijus Maciulis, Chief Economist Lithuania, +37052582237
email is sent through the web-based distribution system of Swedbank Macro
Research. As a subscriber you can change your settings regarding what
publications you will receive by clicking “Change your settings”. You can also
unsubscribe from this particular newsletter by clicking
"Unsubscribe". Information on the Swedbank Principles of processing
personal data can be found here.