TALLINN — Estonia’s Ministry of Finance is due to release a 2010 economic prognosis on April 13 that will indicate a more optimistic forecast of how the hard-hit Baltic state’s economy will recover from the crisis.
Details of the newly optimistic forecast were given to the parliament’s State Budget Control Committee in a closed session Monday. According to Tea Varrak, the finance ministry chancellor, the finance ministry now predicts a quicker recovery based on the improving economies in [private_supervisor]Estonia’s export markets in Western Europe. Estonia’s exports have increased since Dec. 2009, and in February it grew by 12 percent compared to February last year. The report will also highlight the growth in manufacturing, which increased by 4.8 percent in Feb. comparing to last year
Estonia’s gross domestic product was -9.4 percent year-on-year in the fourth quarter, but a 2.5 percent growth compared to the third quarter.
Not everything is rosy in the report. The country’s inflation is expected to grow due the rise in food and energy prices.
Also the problems at the job market remain even tho the number of available jobs will increase. The unemployment will be higher than was expected. Also the wages will reduce more.
The report analyzes the current situation in Estonian economy on the basis of last year’s gross domestic product movements and the changes in other economic factors including unemployment. The analysis is a base for the next four-year state budget plan. [/private_supervisor] [private_subscription 1 month]Estonia’s export markets in Western Europe. Estonia’s exports have increased since Dec. 2009, and in February it grew by 12 percent compared to February last year. The report will also highlight the growth in manufacturing, which increased by 4.8 percent in Feb. comparing to last year
Estonia’s gross domestic product was -9.4 percent year-on-year in the fourth quarter, but a 2.5 percent growth compared to the third quarter.
Not everything is rosy in the report. The country’s inflation is expected to grow due the rise in food and energy prices.
Also the problems at the job market remain even tho the number of available jobs will increase. The unemployment will be higher than was expected. Also the wages will reduce more.
The report analyzes the current situation in Estonian economy on the basis of last year’s gross domestic product movements and the changes in other economic factors including unemployment. The analysis is a base for the next four-year state budget plan. [/private_subscription 1 month] [private_subscription 4 months]Estonia’s export markets in Western Europe. Estonia’s exports have increased since Dec. 2009, and in February it grew by 12 percent compared to February last year. The report will also highlight the growth in manufacturing, which increased by 4.8 percent in Feb. comparing to last year
Estonia’s gross domestic product was -9.4 percent year-on-year in the fourth quarter, but a 2.5 percent growth compared to the third quarter.
Not everything is rosy in the report. The country’s inflation is expected to grow due the rise in food and energy prices.
Also the problems at the job market remain even tho the number of available jobs will increase. The unemployment will be higher than was expected. Also the wages will reduce more.
The report analyzes the current situation in Estonian economy on the basis of last year’s gross domestic product movements and the changes in other economic factors including unemployment. The analysis is a base for the next four-year state budget plan. [/private_subscription 4 months] [private_subscription 1 year]Estonia’s export markets in Western Europe. Estonia’s exports have increased since Dec. 2009, and in February it grew by 12 percent compared to February last year. The report will also highlight the growth in manufacturing, which increased by 4.8 percent in Feb. comparing to last year
Estonia’s gross domestic product was -9.4 percent year-on-year in the fourth quarter, but a 2.5 percent growth compared to the third quarter.
Not everything is rosy in the report. The country’s inflation is expected to grow due the rise in food and energy prices.
Also the problems at the job market remain even tho the number of available jobs will increase. The unemployment will be higher than was expected. Also the wages will reduce more.
The report analyzes the current situation in Estonian economy on the basis of last year’s gross domestic product movements and the changes in other economic factors including unemployment. The analysis is a base for the next four-year state budget plan. [/private_subscription 1 year]
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