Revised Q3 Growth Figure Offers Some Consolation ({{commentsTotal}})

Finance Ministry analyst Madis Aben said the upgrade to third quarter GDP growth announced today means Estonia's 2013 growth figure will at least reach the 1 percent mark.

Statistics Estonia today revised third quarter growth to 0.7 percent, up from a 0.4 percent flash estimate. The figure is still not stellar, but provides some optimism.

"Real economic growth in the third quarter was below the Finance Ministry's summer forecast, but nominal growth, which is more important from the perspective of state budget revenue, was consistent with the forecast," Aben said.

He said indicators that external demand would increase in the new year also provided hope that more growth was in store.

Financial institutions have been downgrading forecasts for several quarters, in response to economic growth falling below expectations.

In September, the Finance Ministry predicted annual growth of 1.5 percent, which was released before the meager Q3 growth estimate. In November, Aben said the year's GDP growth was likely to deteriorate further.



ERR kasutab oma veebilehtedel http küpsiseid. Kasutame küpsiseid, et meelde jätta kasutajate eelistused meie sisu lehitsemisel ning kohandada ERRi veebilehti kasutaja huvidele vastavaks. Kolmandad osapooled, nagu sotsiaalmeedia veebilehed, võivad samuti lisada küpsiseid kasutaja brauserisse, kui meie lehtedele on manustatud sisu otse sotsiaalmeediast. Kui jätkate ilma oma lehitsemise seadeid muutmata, tähendab see, et nõustute kõikide ERRi internetilehekülgede küpsiste seadetega.
Hea lugeja, näeme et kasutate vanemat brauseri versiooni või vähelevinud brauserit.

Parema ja terviklikuma kasutajakogemuse tagamiseks soovitame alla laadida uusim versioon mõnest meie toetatud brauserist: