Estonia’s Growth to Slow Amid Prolonged European Slump, IMF Says

Growth in Estonia will slow this year and could be further hampered if the euro-area economy takes longer than expected to recover, according to the International Monetary Fund’s staff.

Risks to Estonia’s economic expansion, which the IMF sees slowing to about 3 percent this year after a 3.2 percent gain last year, are on the downside and stem from prolonged slow growth in the 17-country euro area, the IMF staff wrote in its annual assessment of Estonia’s economy. The IMF sees Estonia growing 3.2 percent in 2014.