Organized by the Swedish Chambers of Commerce in Estonia, Latvia and Lithuania, and moderated by Andrius Francas - Partner at Alliance for Recruitment, Swedbank’s Chief Economists in the three Baltic countries shared their outlook on the macroeconomic climate at a Friday 30 April webinar.

- On a global level, the economic conditions are improving and will pick up further speed during the second quarter boosted by expansionary fiscal and monetary policies, said Tõnu Mertsina, Chief Economist at Swedbank Estonia.

- The Baltics were among the better performers in 2020 and the economic recovery in the world bodes well for our countries’ export sectors, said Līva Zorgenfreija, Chief Economist at Swedbank Latvia.

- Rising prices of commodities and record high transportation costs will fuel rising inflation rates. Furthermore, protectionism and nationalism may lead to a new era of de-globalization, said Nerijus Mačiulis, Chief Economist at Swedbank Lithuania.

The webinar was recorded and SCCE‘s members will get a link to the video by contacting me (kristiina@swedishchamber.ee).

On behalf of the SCCE, I would like to thank Tõnu Mertsina, Līva Zorgenfreija, Nerijus Mačiulis and Andrius Francas for a very interesting webinar. My thanks also go to my colleagues Ilze Neparte-Saleniece and Jone Sestakauskaite at the Swedish Chambers of Commerce in Latvia and Lithuania for a great cooperation in organizing our joint webinar.

Sincerely,

Kristiina Brodén – SCCE Ombudsman