Restocking boosts Q4 results

Mar 17, 2010
From wire reports

TALLINN - Estonia pulled out of recession last quarter for the first time in two years, exiting the European Union’s third-deepest recession, as exports rose and companies stocked up on alcohol, tobacco and fuel before tax increases take effect, reports Bloomberg. GDP rose a seasonally adjusted 2.5 percent, compared with a preliminary estimate of 2.6 percent and a revised decline of 0.5 percent in the third quarter, said the Tallinn-based statistics office. Output shrank a revised 9.5 p ...

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