Estonia’s Economic Growth Should Be Greater, Kallas Says ({{commentsTotal}})

Siim Kallas. Source: (Postimees/Scanpix)
Business
Business

The economic growth of the European Union is spurred by domestic consumption and is modest, the European Union economic forecast showed and while Estonia’s predicted growth exceeds that of the average growth of the Eurozone, Estonian Commissioner Siim Kallas thinks it should be higher.

The European Commission predicts a 1.9 percent growth for this year and a 3 percent growth for 2015 for Estonia, the average for the Eurozone is 1.2 percent for the current year and 1.7 for 2015, ETV reported on Monday.

The economy of the entire European Union is expected to grow by 2 percent in 2015, EC Vice President Siim Kallas said, presenting the forecast in Brussels on Monday instead of Olli Rehn, the Commissioner of Monetary Affairs.

Kallas told ETV that Estonia’s growth should be greater when compared to Latvia and Lithuania that have caught up with Sweden. He admitted that on the whole, the situation in Estonia still looks relatively good.

 



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.