2014-04-02 20:59:02 - Estonia Freight Transport Report 2014 - a new market research report on companiesandmarkets.com
Estonia registered a 0.4% year-on-year (y-o-y) rise in GDP on a seasonally and working-day adjusted basis in Q3 2013, according to preliminary data released by Statistics Estonia (RTT News). This followed the 1% increase in GDP registered in Q2 2013. Economic growth was driven by the trade sector and supported by stable growth in retail trade.
Although headline growth in 2013 will fall short of the robust levels achieved over the past three years, Estonia´s rapid and ongoing recovery from severe recession following the global financial crisis in 2008 continues to drive improvements in the domestic economy. Formerly propelled by growth in exports and fixed investment, the shape of growth in coming quarters will be weighted towards private consumption, propping up
economic activity until external demand gradually recovers.
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