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Sulev Narusk

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BENEFIT AS's activity report 2022

Fiscal Year 2022 Introduction Compared to other EU countries, the Estonian economy performed relatively modestly last year. GDP is recovering from the Covid-related decline, but according to the Bank of Estonia, the economic downturn in 2022 was still an average of 1.3%, which is one of the larger ones among EU countries. This was mainly due to the energy crisis and rapid inflation. In the second half of the year, rising interest rates also began to reduce the purchasing power of households with loan obligations. The general slowdown in the economy also affected the car trade. At the end

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