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09 Mar - 15 Mar 2012
Ernst & Young Forecasts 4 Percent Annual Growth for Estonian Economy in Coming Years
15 March (BNS)
The Estonian economy will grow at an average rate of 4% in the period 2012-2016, Ernst & Young predicts in its spring forecast for the euro zone. Economic growth in the euro zone as a whole is expected to pick up next year.
According to the forecast, the shortage of labour will deepen in Estonia in the next few years but this will not lead to a wage rally. The rate of unemployment is seen dropping to 5% by 2016.
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| ESTONIAN REVIEW (ISSN 1023-1951) is issued by
the Estonian Foreign Ministry's Public Diplomacy and Media Relations Department |
ESTONIAN REVIEW is compiled in co-operation with the Baltic News Service www.bns.ee and Estonian Public Broadcasting news.err.ee |