Central bank: Government borrowing to boost the economic growth

Central bank: Government borrowing to boost the economic growth

The latest economic forecast from the Bank of Estonia, the country’s central bank, expects the economy to grow by 0.6% this year, and by over 3% in the next two years; the acceleration in growth in 2026 will be substantially driven by the additional borrowed money directed by the government into the economy. “The conditions for growth within the economy itself will improve steadily until 2027, when the financial stimulus from the government will…