Predictions about Estonian Economy in 2012

photo: alexliivet

As The Lithuania Tribune writes (quoting SEB’s Eastern Economic Outlook published in March 2012) Estonia’s growth fill fall to 1.5% in 2012 and increase again in 2013 reaching 2.5%.

As a result of smaller demand in Sweden and Finland Estonian expansion is limited while high inflation continues.

In 2011 Estonian GDP growth reached the level of 7.6% although a slowdon in the last quarter of the year was observed.

Budget deficit is expected to reach 3% in 2012 and 2% in 2013.

photo: alexliivet

More data from SEB’s report here.