Estonia should reach a level equivalent to 85 per cent of the actual living standard of Finland in 15-20 years, Kaspar Oja, economist at the Bank of Estonia, said.
If Estonia's economic growth per person from now on was 3 per cent a year, and the Finnish economy grew at the same tempo it has been growing for the past 20 years, which is 1.7 per cent a year, then Estonia would reach Finland's standard of living in approximately 30 years, Oja wrote in the central bank's blog. He said that a 3 per cent growth as an average for a longer period is an optimistic hope...
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