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One-time gains boost output

Feb 18, 2010

TALLINN - Estonia’s gross domestic product dropped 9.4 percent in the fourth quarter of 2009, year-on-year, compared with a 15.6 percent drop registered in the third quarter, reports Bloomberg. This fourth quarter improvement was due to a slowing in the decline of exports. The Finance Ministry was looking for a contraction of between 11 percent and 12 percent. The economy grew a seasonally adjusted 2.6 percent from the third quarter. “Consumer demand was weak, as expected, and ...

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