Moody's Predicts 2.5% Economic Growth

(Reuters/Scanpix)
8/22/2014 11:13 AM
Category: Economy

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.


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