Monday, June 25, 2007

Estonia Risking Slump in Consumer Confidence and Slowdown, Moody's Says

(Bloomberg) -- Estonian economic growth could slow
more than expected as banks tighten lending and borrowers become
more cautious as they worry about the future, Moody's Investors
Service said.

A tighter labor supply prevented firms from expanding
production in the first quarter, contributing to a slowdown in
growth during the period to 9.8 percent, while the Baltic economy
could be further hit by a decline in business and consumer
confidence, Moody's said in a report today.


Read more at Bloomberg Bonds News

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