C/A Deficit To Fall

September 2008
Emerging Europe Monitor: Central Europe & Baltic States;Sep2008, Vol. 15 Issue 9, p10
Country Report
This article presents an outlook on the account deficit of Estonia, as of September 2008. In the first quarter of 2008, the current account deficit of the country declined to 39.4% year-on-year. A primary factor for a steady decline in the current account deficit will be a rapid decline in domestic demand owing to a variety of issues ranging from tightening borrowing conditions regionally. It is predicted that the current account deficit will fall to 12.1% of gross domestic product by the end of 2008.


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