Estonia's Economy Shrinks 16.6% (3)
Archived Articles 13 Aug 2009  EWR
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Joel Sherwood,
Estonia's recession deepened in the second quarter, but the quarterly rate of decline eased, suggesting the country's economic fall may be bottoming out.

The Baltic country's gross domestic product was 16.6% lower in the second quarter compared with the same quarter of 2008, Statistics Estonia said Wednesday.

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