Estonia » Outlook

International Property Brokers forecast that the growth rate will be 7.5% in 2007, and 7% in 2008.

The inflation rate will decline to 3.1% in 2007, but in 2008 it will accelerate back to 3.7%.

The acceleration in the inflation rate at the beginning of 2008 will be mainly due to the rise in the alcohol, tobacco and fuel excise duties.

The oil price forecast, which is based on forward transactions, does not indicate a considerable decline in prices, either. The price growth of food will continue at the same level at a uniformly decelerating pace.