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Estonian Exceptionalism; Baltic Economies
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 400 no. 8742 (Jul. 2011)
,
page 53.
Topik:
Baltic
;
Economic Conditions
;
Estonia
;
Europe
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.67
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Plunging unemployment, rocketing growth, soaring exports and a budget surplus: that is the story of Estonia as it bounces back from a precipitous economic collapse. This burst of good news shows not only the virtues of flexibility and austerity (a sensitive subject, as other euro countries taste the same medicine); it also gives heart to Latvia and Lithuania. Estonia's GDP growth rate in the first quarter of the year was 8.5%, the highest in the European Union. It boasts the biggest drop in unemployment, from 18.8% to 13.8%. It has the lowest debt in the EU, of just 6.6% of GDP; measured by the price of credit-default swaps, it is among the ten best sovereign risks in Europe. Fitch, a rating agency, has just raised Estonia's standing to A+.
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