Analyst: Sprawling bureaucracy getting in the way of growth in Estonia

Eesti Rahvusringhääling

Center

Factuality

Ownership

Analyst: Sprawling bureaucracy getting in the way of growth in Estonia

According to economic analyst Heido Vitsur, the stronger-than-expected economic growth in the fourth quarter suggests that Estonia's economy reached a turning point. However, the upcoming VAT increase is set to further accelerate already rapid price growth.

ohtuleht.ee

Factuality

Ownership

According to Statistics Estonia, gross domestic product (GDP) grew by 1.2 percent in the fourth quarter of 2024 compared to the same period in 2023. This indicates that the economy is doing better than a year ago.