TALLINN - The Estonian Institute of Economic Research estimates that the state of the Estonian economy is positive, as it gives the economic climate 6.6 points on a 9-point scale, reports Postimees Online.Thus the institute decided not to downgrade the economic growth outlook for this year, contrary to several other institutions, including the Estonian Ministry of Finance. Just as in late 2011, the Institute of Economic Research (IER) predicts that Estonia’s economy will grow by 2.9 percent in 2012. The Ministry of Finance predicts economic growth of 1.7 percent.March estim...
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