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SEB cuts its economic growth forecast for Estonia in 2013
BC, Tallinn, 09.10.2013.
Print version
Print versionThe SEB bank revised its economic growth forecast for Estonia to 1.3%, LETA/Public Broadcasting reports.
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In August, SEB forecast the Estonia's economic growth to be 1.5% and in spring 3.3% this year.
SEB wrote in its Eastern European Outlook, published on Wednesday, that while this year, domestic demand has motored the economic growth, next year exports, that suffer from difficulties in Finland and weakening of the Russian economy, would start recovering.
SEB forecasts Estonia 2.6% economic growth next year and 2.9% in 2015.
The bank's inflation forecast for this year is 3.2%, next year 2.7% and the year after that 2.6%.
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