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IMF Ties Up Annual Visit, Forecasts 3% Growth

Source: Photo: Reuters/Scanpix

The International Monetary Fund cut its prediction for growth of Estonia's economy for 2013 from 3.2 to 3 percent.

A four-member delegation from IMF wrapped up its 13-day annual evaluation of the nation with a press conference on Monday.

The IMF's report found that inflation is expected to be slightly above 3 percent, with core inflation projected around the 2 percent mark.

Overall, the IMF said that growth is at a sustainable pace and inflation has eased, and praised the 2013 state budget.

For the full text of the initial conclusions of the mission, please click here.

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