15/12/2008 The international financial crisis has started to pass through to the real economy. In the third quarter of 2008, GDP decreased by 3.5% in Estonia, referring to a quick correction in domestic demand and faster-than-expected cooling of the global economy. More...

22/10/2008 Estonia's economy has experienced very strong growth in the last three years: during that time economy has expanded by more than a quarter in real terms and almost by two-thirds in nominal terms This has been achieved at the expense of taking very high risks. Now some of these risks have materialised, bringing the economy into a recession this year. More...

04/12/2008 Global and EU economies are undergoing a downturn and all the forecasts are surrounded by vast uncertainty. The crisis that originated in credit and financial markets in 2007 has spread rapidly to other sectors of the economy both in the EU and elsewhere in the world. The price of credit has drastically increased and it is getting more and more difficult to get a loan. More...