Inflation To Fall Further

February 2009
Emerging Europe Monitor: Central Europe & Baltic States;Feb2009, Vol. 16 Issue 2, p10
Country Report
The article presents an economic outlook for Estonia for 2009. Analysts at Business Monitor International (BMI) expects that inflation will fall to 1% year-on-year by the end of 2009, alongside a deep and prolonged recession. This, in effect, will impact inflationary decline in the housing sector. To this end, inflation forecasts have been revised. Warnings have been issued about the potential for a devaluation of the kroon.


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