Exports to lead Estonian recovery
Estonia's economy has contracted by nearly 20%, and a sustained and confident recovery will take time, said the central bank's Estonian Economy and Monetary Policy report. Although several indicators had bottomed out, the central bank said that economic activity had not yet reached levels confirming that the recession was over.
The process of economic stabilisation will be led by the export sector, it said, and added that euro adoption will be would be a significant policy step in this respect
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