Experts: economic prospects are improving05.04.2012, 09:42
The survey conducted in the first quarter by the Estonian Institute of Economic Research (EKI) shows that, according to economic experts, the situation in the economy was more than satisfactory in March, writes Äripäev.
About a third of economists interviewed by EKI said that they expect the economy to strengthen in the next six months.
59 percent of experts said that the overall situation in the economy was satisfactory, while 41 percent said it was good.
This shows that experts’ expectations about the future of the Estonian economy have improved since September.
They expect the Estonain economy to grow by an average of 2.5 percent this year.
47 percent of respondents said they expected exports to grow while 59 percent said imports will go up.
Speaking of the main problems facing the Estonian economy, the respondents listed insufficient domestic demand, lack of competitiveness and shortage of qualified labour force.
20 percent of households expect their financial situation to improve, while 47 percent say it will remain the same and 24 percent fear it will deteriorate.