Estonia has budget under control

  • 2012-05-16
  • From wire reports
TALLINN - The European Commission said on May 10 in its spring economic forecast that solid domestic demand, supported by consumption and investment, is expected to feed into a growth rate of real GDP of 1.6 percent in 2012 for Estonia, reports LETA. The Commission forecasts 3.8 percent growth for 2013.Inflation is expected to slow to 3.9 percent in 2012, as food price inflation recedes. Nevertheless, housing costs and energy prices will continue to drive inflation. In 2013, inflation is expected to maintain at around 3.4 percent, pulled upwards by the completion of the electricity di...
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