Estonian recovery

13 Aug: Economic Growth In Estonia Continues, But Slows In Q2 2012

According to a recent report on the Statistics Estonia site, economic growth in Estonia grew by two per cent y-o-y to Q2 2012. However, GDP only grew by 0.4 per cent, when seasonal and work-day factors are taken into account, between Q1 and Q2. Most of the growth came from the construction, information and communication…

31 Jul: Retail Sales In Estonia Continuing To Grow

More hopeful signs of economic recovery in Estonia comes with a recent report on the Statistics Estonia site which states that retail sales in Estonia increased by seven per cent y-o-y to June 2012. Furthermore this trend has been continuing since March 2012; every month between March and June saw an increase in retail sales…

30 Jul: Estonia’s Credit Rating Affirmed At A1 By Moody’s

Bond credit raters Moody’s Investor Services have affirmed Estonia’s A1 government bond rating and stable outlook. As reported on this blog, Fitch had already upped Estonia’s rating to A+, so this is more good news. The rating was based on factors including the Estonian government’s budgetary rigour and financial strength during the continuing crises of the 2008-10…

29 Jul: Estonia Vs Slovenia

An item first published on this blog on 6th July, 2012. An interesting and detailed post here, from the redoubtable Edward Hugh, about one of the two other CEE countries, apart from Estonia, that have acceded to the Eurozone, namely Slovenia (the third country is Slovakia). Having consistently outperformed Estonia and even ‘older’ Eurozone countries…