Wednesday, April 18, 2007

Estonian Economy Poised to Make a `Soft Landing,' Central Banker Says

(Bloomberg) -- Estonia's economy, the European Union's second-fastest growing, is heading for a slowdown, central bank Governor Andres Lipstok said.

The central bank today cut the economic growth forecast for next year to 6.5 percent from 7.6 percent in its last report released on Dec. 13. It revised its forecast for 2007 to 8.4 percent from 8.3 percent previously.


Read more at Bloomberg Emerging Markets News

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