Growth Forecasts Slashed As Domestic Demand Falters

June 2008
Emerging Europe Monitor: Central Europe & Baltic States;Jun2008, Vol. 15 Issue 6, p10
Country Report
The article presents an outlook on the economic performance of Estonia for 2008. The country's gross domestic product growth rate from 2008 to 2009 has been reduced by the Ministry of Finance, the Bank of Estonia and the International Monetary Fund. Credit cycle is projected to decline and will remain at a moderate level in 2009. Labor market conditions, meanwhile, are deteriorating with increase in job losses and decline in nominal wage growth.


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