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Economic policy statement of Eesti Pank
Compared to spring 2008, the external environment has become more fickle in the
summer. While at the beginning of the year Estonia's main trading partners
enjoyed considerably rapid growth, it slowed remarkably in the second quarter
with the euro-area economy even shrinking by 0.2 per cent.
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Eesti Pank issues a collector coin dedicated to the Olympic Games
Today, 25 July, Eesti Pank presented a silver collector coin dedicated to the Beijing Summer Olympic Games. The nominal value of the coin is ten kroons. The coins, which cost 400 kroons each, are sold in the Eesti Pank Museum (Estonia pst 11) and in the bigger offices of SEB Bank throughout Estonia.
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Economic forecast for 2008-2010
Estonia`s economic growth has been mostly in line with the autumn expectations; however, the growth has decelerated faster than foreseen in the autumn forecast base scenario. This has been caused by the higher-than-expected uncertainty in the real estate sector, slower increase in the external demand and the price hikes of food and other raw materials in the world market.
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