Bank Citadele has conducted a survey among the inhabitants of Baltic countries to know how their financial position will change in the next half>year. While More than a quarter of Lithuanians are confident of the improvement in this connection, the Estonians think that only 16 percent of those surveyed. /nginx/o/2024/12/31/16571473t1h5864.jpg)
Wallet.
Photo: Arvo Meeks
Citadele Bank Citadele has conducted a survey among people in the Baltic countries to know how their financial position will change in the next six months. While more than a quarter of Lithuanians are confident of the improvement in this connection, only 16 percent of Estonians think so.
In the Citadele survey,
3 percentage of Estonian people said that in the next six months their financial position is probably significantly improved, while 13 percent expect slightly improved. But more were than those who are pessimistic: 47 percent of Estonians think that their financial position will deteriorate slightly or significantly. Another 31 percent believe that in the first half of 2025 year their monetary situation will remain unchanged.
“Pessimism among the people in Estonia is high enough considering that the reduction of Euribor rates and the downturn inflation leaves many families more money, and Estonia’s Economy is finally beginning to show signs of improvement. On the other side, the new year began with an increase in taxes, and they will only become more in the future. The media are actively discussing these tax changes, especially in the key of how fewer money will be left to the He added that the mood of people is also strongly affected by the general economic background in the country. “Although Estonia’s economy has improved, it has been in a bad state, which affects the confidence of people. This is confirmed by and the results of our survey, According to which in Lithuania with a stronger economy the confidence of people in their financial position is said Rebane. – – Restoring the confidence of people often is slower and with a lag, even if the economic situation is improving.” In Lithuania 28% of respondents said that they believe that their financial position will improve, and only 23% % felt that it will worsen. 41 percent suggested that their situation would remain unchanged. The estimates of the people in Latvia were between Estonia and Lithuania. There 24 percent believe that their position will improve, 27 percent – that will worsen, and 35 percent – that will not change. Edward Rebane noted that Citadele conducted a similar survey last summer, and compared with that time the opinions of the people in Estonia have become more determined: “Now people with positive or negative views of the future are a few percentage more, but at the same time there were significantly fewer those who could not take the determined position. If summer 24 percent answered that they could not accurately answer the question, now there were only 7 percent who could not accurately answer the question.” In Rebanet’s view, these estimates also reflect the followingmacroeconomic situation in the Baltic countries. In 2024 year the biggest economic growth was in Lithuania, the Latvian economy was stagnating, and Estonia was declining. “In addition, inflation in Estonia was slightly higher, and the average increase in wages is lower, than in Latvia and Lithuania,” Rebane added. Nevertheless, Rebane predicts that in 2025 year inflation will remain low in all Baltic countries: in Estonia – about 3.3 percent, in Latvia – 2.2 percent, in Lithuania – 2.7 percent. Average growth in wages is likely to remain high, though the rate of growth will slow. “Based on this, it is possible to predict, that in 2025 year the financial position of households in allthreecountrieswillimprove-especiallytheLithuanianswiththeirstrongereconomy,”Rebane concluded. TheBankCitadelesurveywasconductedbyresearchfirmNorstatinthreeBalticcountries.Ineachcountrywassurveyedintotalcomplexityof1000people. TheNorstatresearchineachcountrywassurveyed.
