Current account swings to surplus

Mar 17, 2010
From wire reports

TALLINN - According to Estonia’s balance of payments report, published on March 11, the current account surplus was 4.6 percent of GDP at the end of last year, writes Postimees Online. In 2008, the current account deficit was still higher than nine percent of GDP. Due to the low point in domestic demand, as well as foreign demand, both exports as well as imports of goods decreased last year. In the context of the entire year, the account deficit in 2009 was nearly four times smalle ...

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