SEB gives dire outlook for Estonian economy

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SEB gives dire outlook for Estonian economy

Oct 21, 2008
TBT Staff in cooperation with BNS

SEB's Estonian branch said the economic outlook for the country was worse than previously thought (Photo Courtesy of SEB)

TALLINN – SEB Panka, the Estonian branch of the major Swedish bank SEB, has become significantly more critical in its economic outlook and said that the country is suffering from an economic hard landing. Ruta Eier, economist at SEB Pank, told a press conference that compared with the previous forecast additional shocks have been revealed both in the Estonian economy as well as worldwide. The impact from the world economy will reach Estoniaon the full scale next year, she said. In its fr ...

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