Estonia raises GDP forecast

  • 2010-08-26
  • TBT Staff

TALLINN -- Estonia's government has raised its forecast for this year's GDP growth, inflation and exports as the country returns to growth following years of recession.

The finance ministry doubled its April estimate of 1 percent growth in GDP by the end of this year to 2 percent.

"The faster-than-expected recovery of external demand and the adjustment of Estonian companies during the crisis have allowed the industrial sector to robustly increase export volumes," the ministry said in a statement.