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Current account deficit may erode Estonian economy

Oct 01, 1998
Urmas Maranik

TALLINN - Estonia's current account deficit has been worrying the economic analysts since 1994, when the foreign trade balance become more unfavorable than ever before. Today, many economists say the 13.5 percent account deficit has reached a dangerous level.Things could get even tougher because the Estonian government will begin repaying large loans from the European Bank of Reconstruction and Development (EBRD) and the International Monetary Fund (IMF). Optimists say that for a country that ha ...

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