Companiesandmarkets.com and OfficialWire
LONDON, ENGLAND - The outlook for Estonia has improved markedly, with an aggressive fiscal austerity programme paving the way for early euro adoption in 2011. This will be seen as a very positive signal for macroeconomic stability and entirely mitigate perceived exchange rate risks for the country's large stock of external debt. In turn, this should help to bolster confidence in the country's banking sector, thereby setting the stage for a stabilisation of the local credit market. We expect Estonia to emerge from recession in 2010, and thereafter to outperform its Baltic peers through the long term.
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Estonia Business Forecast Report Q3 2010, provides detailed company analysis