Moody's Predicts 2.5% Economic Growth
Rating agency Moody's has forecast a 2.5 percent GDP increase for Estonia in 2014, with that figure increasing to 3 percent for next year.
Moody's said Estonia boasts steady economic growth, which is aided by a small but diversified economy, a high level of affluence and low government debt.
„We expect the general government debt-to-GDP ratio to fall to 9.6 percent of GDP amid healthy GDP growth and low budget deficits,“ Kilbinder Dosanjh, a senior analyst at the company, said, adding that the nation has a substantial financial buffer, with liquid financial assets amounting to 9.1 percent of 2014 GDP.
The government bond rating of A1 remained unchanged.