Estonia's economy sees 0.7% Q3 GDP decline, marking continued recession amid sector struggles.

Estonia's economy faced a 0.7% GDP decline in Q3 2024, continuing a recession that began in Q2. Construction and manufacturing sectors struggled, while information and communication saw a 7.3% increase. Private consumption dropped by 2.1%, and investments fell by 15.2%, though this does not necessarily indicate a worsening outlook. Net exports remained positive, with exports stable and imports down by 1.3%.

November 29, 2024
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