Juhan Tere, Baltic Course
The European Commission stated in its fresh interim economic forecast that the 2012 outlook for the Estonian economy has significantly deteriorated, driven by falling confidence and weaker external demand around the turn of the year.
As a result, GDP growth expectations for 2012 have been revised downwards, from 3.2% in autumn to 1.2% in the present forecast, writes LETA.
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European Commission cuts Estonia's GDP forecast for 2012