Tallinn - The Organisation for Economic Cooperation and Development(OECD) called on the Baltic state of Estonia Monday to introduce more flexible budgets and to avoid producing another housing bubble.
In its Economic Survey of Estonia 2009, presented in the Estonian capital, Tallinn, the OECD said a collapse in domestic demand had left Estonia 'vulnerable to external shocks' and that the main challenge facing Estonian policymakers was 'to bring the economy quickly back to trend growth, which is complicated because of past policy commitments.'
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