Estonia: decline in growth decelerates |
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Estonian Statistics has today published the flash estimate of GDP growth over Q3 09. GDP declined by 15.3% y/y in Q3 09 compared with a fall of 16.1% y/y in Q2 09. The outcome was better than our estimate of a drop of 16.5% y/y. Details Estonian GDP declined by 15.3% y/y in Q3 09 compared with -16.1% y/y in Q2 09. The decline in growth has decelerated somewhat, with seasonally and working day adjusted GDP declining by 2.8% q/q in Q3 09 compared with a decline of 3.4% q/q in Q2 09. We see few
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