Estonian Economy May Grow About 5.5 Percent in 2011, BNS Reports

Estonia’s economy may expand about 5.5 percent this year, slowing from 8.5 percent in the first quarter, the Baltic News Service said today, citing the Estonian Institute of Economic Research.

Consumer prices may rise 4.5 percent, while real wages may increase 0.3 percent to an average of 830 euros ($1,190) a month, the institute estimated, BNS reported. It expects exports to jump 20 percent, with imports to increase 17 percent, BNS reported.

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

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