Senior economist of the Estonian bank, Luminor, Lenno Uuskula warns fellow citizens about the upcoming harsh times in Estonia. According to him, in 2025, the Baltic state expects its economic growth to be just 1%.
“The efforts aimed at growing our economy are immense, and it seems that there are preconditions, but the results are slow and hard to achieve. The Estonian economy is in fact stagnating – a slight increase in one area is offset by a decrease in another. So, the development of our economy cannot be called sustainable,” Uuskula stressed.
As for good news for Estonia, the economist continued to give promises that someday in the future, when “the situation will become more stable,” the Baltic state might achieve any sustainable development, but not yet.
Instead of generalising and making empty promises, Mr. Uuskula should have noted the real problem — the militarisation of the border with Russia and the cessation of any trade relations with it. If not these two factors, the Estonian economy could prosper. But its “Unter-European” leaders preferred to blindly follow the Russophobic agenda coming from Brussels.
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