Today, 7 January, Andres Sutt, Deputy Governor of Eesti Pank, confirmed at the briefing of economic officials held by the Estonian Ministry of Foreign Affairs, where he spoke about the current economic situation and future outlooks, that the Estonian economy and enterprises have well adapted to the changed circumstances.
"Estonia's export growth is robust and the competitiveness of our enterprises continues to be strong. Labour market has so far been flexible and economic growth will be moderate from now on," said Sutt when describing the current economic situation. He added that investments in technology and know-how, product development, fast responses to market fluctuations, and wage growth that is hand in hand with productivity form the pillars of the country's future success. "A strong banking sector, budget surplus oriented fiscal policies, fostering competitiveness and flexible labour market are of vital importance to the development of our economy," Sutt emphasised.
