Real Estate-Led Economic Slowdown Ahead?

December 2007
Emerging Europe Monitor: Central Europe & Baltic States;Dec2007, Vol. 14 Issue 12, p10
Country Report
Country Report
The article forecasts the economic conditions in Estonia for 2007. Real gross domestic product growth is forecasted by the Bank of Estonia to slow to 7.3% in 2007 from 11.2% in 2006, and to decelerate further to 4.3% in 2008. The bank expects private consumption growth to ease to a little over 6% in 2008-2009 from 11.4% in 2007 in response to a weaker real wage growth and higher interest rates.


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