Tallinn, August 30, 2024 — Estonia’s economy is beginning to show signs of recovery as the nation’s GDP contraction slowed to -1.0% in the second quarter of 2024. This marks an improvement from the first quarter of 2024, when the GDP had dropped by -2.4%.The updated figures, released today, suggest a gradual stabilization in the economic landscape of Estonia. This improvement reflects a year-over-year comparison, highlighting a shift towards economic recovery amid ongoing global challenges.Economists express a cautious optimism as the latest data signal a potential rebound in Estonia’s economic activities. Further detailed analyses are awaited to understand the sectors driving this recovery and the potential long-term implications for Estonia’s economy.The material has been provided by InstaForex Company – www.instaforex.com
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