For a personal perspective from an emerging market specialist, The Baltic Times spoke to Kristel Kivinurm-Priisalm, Managing Partner of the Estonian owned asset management company Avaron. How close do you think we are to the bottom of the crisis?This is the toughest crisis Estonia has faced so far due to its overleveraged private sector, difficulties of refinancing in the corporate sector and low global demand. In nominal terms we have not reached the bottom yet. I expect unemployment to rise to 15-20 percent by the year's end, real estate prices to dive further and corporate ban...
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