Es­to­nia cuts 2016 growth fore­cast

China Daily (Hong Kong) - - BUSINESS -

Es­to­nia’s cen­tral bank on Tues­day low­ered the coun­try’s eco­nomic growth fore­cast to 1 per­cent. That was 0.8 per­cent­age points lower than the June pro­jec­tion. One of the rea­sons be­hind the weak eco­nomic growth was de­creased de­mand from trade part­ners, which had re­duced the growth potential of the man­u­fac­tur­ing in­dus­try and ex­ports, the cen­tral bank said. A de­cline in in­vest­ments over the past three years had also re­duced the Es­to­nian econo-

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