Domestic demand strong in Estonia

  • 2012-03-14
  • From wire reports
TALLINN - Estonian economic growth was the second fastest in the European Union in the fourth quarter, reports Bloomberg. The initial estimate from Statistics Estonia last month showed that Estonia’s economic growth was 7.5 percent in 2011, but, according to the revised data revealed last Friday, it was 7.6 percent. The fourth-quarter result was revised up, from four percent to 4.5 percent. “GDP growth was boosted the most by the fast growth of the value-added of construction and information and communication. The growth in construction was supported mainly by the repair ...
 
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