The Estonian economy has entered a phase of slower growth

  • 2015-07-02
  • By TBT Staff
TALLINN - Growth is speeding up in Estonia, according to new data from the Estonian Central Bank. But it remains slower than before the crisis, and growth of 2.2% this year is about the same as last year. It will be 3–4% in the next two years, which is the same as the long-term growth capacity of Estonia. Faster growth is restricted by the decline in population, and by the current structure of production, equipment and production technology, which are more complex and costly to add to than was the case before. Without structural reforms to support growth, it could only exceed 4% tempo...
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