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NEWS

Negative growth around corner for Estonia

Jun 11, 2008
By TBT staff

TALLINN - Baltic markets were in a state of shock this week to learn that Estonia’s economy nearly flattened out in the first quarter of the year on the basis of revised GDP data released by the statistics agency. The agency announced June 9 that gross domestic product came to a screeching halt, plummeting to 0.1 percent for the three month period. By comparison, in the fourth quarter of 2007 GDP grew 4.5 percent. The result is a downward revision on an earlier estimate of 0.4 percent, which ...


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