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Ministry predicts Estonian economy will grow in 2009

Aug 27, 2008
From wire reports

TALLINN - The Ministry of Finance released cautiously optimistic figures this week, predicting Estonia’s economy will grow 2.6 percent in 2009. This is a big drop from previous growth predictions of 6.4 percent, but is still more positive than the current state of the economy shows. Figures for August, as reported in The Baltic Times, show that the Estonian economy shrank for the second  quarter of this  year and that the Estonian economy is now in recession. In its spring forecast, ...


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