More On Baltic Boom

As a follow-up to the last post, a preliminary estimate of GDP for Estnia during the fourth quarter suggests that it increased 2.3% compared to the previous quarter (that's 9.5% at an annualized rate) amd 6.6% compared to the previous year.

That is the highest growth number in the EU except for probably (the numbers haven't been released yet) Sweden.

The two other Baltic countries also gre strongly compared to the previous quarter, but not quite as much as Estonia. Latvia's GDP grew by 3.7% compared to last year while Lithuania's grew by 4.6%