Estonia's Economic Growth Remains Highest in EU

Photo: Courtesy Muuga CT
8/17/2011 9:57 AM
Category: Economy

As in the first quarter of the year, the 8.4-percent economic growth reported by Estonia in the second quarter was the highest among the EU countries.

Compared to the same period last year, the Lithuanian economy grew by 5.9 percent and the Latvian economy by 5.7 percent.
 
According to Eurostat, the GDP growth figure for the EU and the Eurozone economies dropped from 2.5 percent in the first quarter to 1.7 percent in the second quarter.

In the first quarter, the EU and Eurozone economies grew by 0.8 percent, but in the second quarter, only by 0.2 percent.

The quarterly growth was measured to be the highest in Latvia (2.2 percent), Estonia (1.8 percent), Finland (1.2 percent), Sweden (1.0 percent), and Austria (1.0 percent).

Germany's humble 0.1-percent economic growth since the previous quarter has caused anxiety among many, whereas for France, that figure has dropped all the way to zero.

The Eurostat report contains no information about Poland, Denmark, Slovenia, Malta, Luxembourg, Ireland, and Greece due to the lack of data.

 

Sigrid Maasen


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