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Saturday, November 21, 2009 7:56 AM

Published 11/06/2009 by Eesti Pank


05/11/2009 - Mrten Ross: Estonia's economy to grow in the next two years

November, Deputy Governor of Eesti Pank MÄRTEN ROSS gave a presentation to foreign analysts and journalist in Helsinki. He said that Estonia's economic growth would be around 1 % in 2010 and close to 5% in 2011.

'Economic growth plays an important role in the recovery of foreign demand,...

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"Economic growth plays an important role in the recovery of foreign demand, since most of the Estonian economy is closely integrated in the supply chain of the companies of Finland and Sweden. With Estonia close to meeting all the Maastricht criteria, the perspective of acceding to the euro area, also supports growth. Postponement of the changeover would put a drag on growth and keep it at lower levels" said Ross
05/11/2009 - Mrten Ross: Estonia's economy to grow in the next two years [Eesti Pank - 11/06/2009]
...complishable goal. "We are monitoring the fiscal deficit developments very closely and should it become necessary, we are also prepared to take additional measures to improve the position" he added
05/11/2009 - Mrten Ross: Estonia's economy to grow in the next two years [Eesti Pank - 11/06/2009]

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