Estonian GDP to Grow 5.9% in 2011 on External Demand, OECD Says
By Aaron Eglitis -
2011-05-25T08:35:00Z
Estonia’s economy may expand 5.9 percent this year as increased competitiveness boosts exports, the Organization for Economic Cooperation and Development said.
Gross domestic product is likely to rise 4.7 percent next year as growth becomes more broad based due to increased employment, the OECD said in its May 2011 Economic Outlook released today.
Consumer prices may grow 4.6 percent this year and 3 percent next year, the OECD said. The government’s fiscal deficit will be about 0.5 percent this year and 1.7 percent next year, the Paris-based organization said.
To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net
To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.