Europe slump to slow Estonia

  • 2012-04-18
  • From wire reports
TALLINN - Estonia’s gross domestic product will grow by 2.2 percent this year, while the growth forecast for 2013 and 2014 is 4 percent, say Danske Bank analysts, reports Aripaev Online. “The deteriorating outlook of Europe’s bigger economies and Estonian export markets will not leave Estonia untouched, and this year a much more modest economic growth figure can be expected,” the bank said in its Estonia macroeconomic reports.Last year Estonia’s economy grew by 7.6 percent.Although the bank forecast acceleration of growth in the next two years, it wa...
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