Estonia GDP Growth May Slow in Fourth Quarter, Ministry Says

Estonian economic growth will probably slow in the fourth quarter from the 5 percent annual pace in the previous three months due to a stronger year-earlier comparison, the Finance Ministry said.

“The strong confidence of companies and households points to a continuation of positive developments, although fourth-quarter growth will probably trail third-quarter due to the growth trend that started at the end of last year,” the ministry in Tallinn said in an e-mailed statement today. Still, average 2010 gross domestic product growth will exceed the ministry’s August forecast of 2 percent, it added.