A weak economic immune system?

Archived Articles | 04 Nov 2008 | EWR

Martin Lindpere, the economist of the Bank of Estonia, stated that the economic outlook compiled by the European Commission carries the same message as the other recent projections – the global economy is decelerating and therefore the economies’ immune system is weakening as well, writes Postimees Online/LETA.

“Hence none of the economies offer full storm shelter. The reason lies mostly in the financial crisis that is shaking the global economy, which is only beginning to reach the economic growth indicators,” Lindpere explained.

He added that EU economies have to take into account the fact that economic growth will have significantly less support from loans and hence the economic growth will be smaller as well. “But even if there were no financial crisis, economic cycles in the EU countries would not occur at once – not everyone can be the first,” explained Lindpere.

“Cheap loan funds increased the economic volume easily, in the future more efforts will have to be made in the name of retaining and enhancing it,” noted the central bank’s economist.

http://www.baltic-course.com/e...

Archived Articles

The reverberations of Soviet totalitarianism in Finland: Sympathies and contradictions (II) (1)
Translated from Imbi Paju’s article in “Maailma Vaade” (View of the World).

This year 70 years have passed since the signing of the ...

How to Liberate an Economy
Entrepreneurs understand the importance of freedom in the workplace

Guy Sorman, TCS Daily

Brian Carney and Isaac Getz's Freedom, Inc. is a ...

Lessons from Estonia: Protecting the West from a computer attack
Väino Reinart, National Post, October 22, 2009

The cyber attacks carried out against Estonia in the spring of 2007 served as a wake-up call about ...

Opening statement by Mark Carney Governor of the Bank of Canada Press conference following the release of the Monetary Policy Report 22 October 2009
Good morning. Paul and I are pleased to be here with you today to discuss the October Monetary Policy Report, which we published this morning.

...

Welcome home
It is high time to abolish the concept of ethnic minorities
Europe.view column, Oct 22nd 2009, from Economist.com

Should the Polish ethnic ...

Moscow Patriarchate’s efforts to subordinate ‘alternative Orthodox’ undercut Russia’s future, Regelson says (2)
VIENNA, October 22 – The Moscow Patriarchate’s drive to subordinate all independent Orthodox bishops and believers to its own power vertical, an ...