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EBRD cuts Estonia's and Latvia’s economic growth forecasts
BC, Tallinn, 19.09.2014.
Print version
Print versionIn its fresh economic report made public on Thursday, the European Bank for Reconstruction and Development (EBRD) reduced Estonia's economic growth forecast by one percentage point compared to the spring forecast, to 1%, LETA/Postimees Online reports.
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EBRD forecasts Estonia's economic growth in 2015 at 2.5%.
EBRD left stable the economic growth forecast for Lithuania in 2014 and 2015. The growth will make 3% and 3.4%.
In Latvia, the economic growth in 2014 will constitute 3.2%, and in 2015 – 3,7%.
The Central European and Baltic region (CEB) average economic growth for this year was forecast at 2.5%, which is slightly better than the springtime forecast.
Regional growth locomotives are Poland and Hungary, whom EBRD expects to post 3% and 2.8% economic growth respectively, based on their better-than-expected results in the first half of the year.
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