// API callback
related_results_labels({"version":"1.0","encoding":"UTF-8","feed":{"xmlns":"http://www.w3.org/2005/Atom","xmlns$openSearch":"http://a9.com/-/spec/opensearchrss/1.0/","xmlns$blogger":"http://schemas.google.com/blogger/2008","xmlns$georss":"http://www.georss.org/georss","xmlns$gd":"http://schemas.google.com/g/2005","xmlns$thr":"http://purl.org/syndication/thread/1.0","id":{"$t":"tag:blogger.com,1999:blog-6153012181955522079"},"updated":{"$t":"2021-04-23T13:34:13.274-04:00"},"category":[{"term":"Economics"},{"term":"business"},{"term":"China"},{"term":"Oil"},{"term":"2017 Economics"},{"term":"commodities"},{"term":"gold"},{"term":"silver"},{"term":"Fed"},{"term":"bitcoin"},{"term":"Business Law"},{"term":"crude oil"},{"term":"Law"},{"term":"Brexit"},{"term":"Russia"},{"term":"Statistics"},{"term":"currency"},{"term":"2016 Housing"},{"term":"2017 Housing"},{"term":"Bankruptcy"},{"term":"EU"},{"term":"EURUSD"},{"term":"Economic Indicators"},{"term":"International Economies"},{"term":"Japan"},{"term":"London"},{"term":"Stats"},{"term":"Technology"},{"term":"startups"},{"term":"stocks"},{"term":"2016 Economics"},{"term":"Article 50 Brexit"},{"term":"Atlanta"},{"term":"Chad Hagan"},{"term":"Ebola"},{"term":"Economic Statistics"},{"term":"Europe"},{"term":"GDP"},{"term":"Healthcare"},{"term":"Korea"},{"term":"Politics"},{"term":"TRADING"},{"term":"Trump"},{"term":"WTI"},{"term":"euro"},{"term":"finance"},{"term":"law surrounding bitcoin"},{"term":"ventures"},{"term":"Agriculture"},{"term":"Bonds"},{"term":"Brexit 2017"},{"term":"Debt"},{"term":"Dodd Frank"},{"term":"Dov Charney"},{"term":"EU UK Split"},{"term":"Economy"},{"term":"Fed Rates"},{"term":"Financial"},{"term":"Global economy"},{"term":"Hedge Funds"},{"term":"Housing"},{"term":"Housing Recovery"},{"term":"IRS"},{"term":"Inflation"},{"term":"Inflation November 2016"},{"term":"Legal"},{"term":"MENA"},{"term":"North Korea"},{"term":"OilGas"},{"term":"One China"},{"term":"US Housing"},{"term":"USA"},{"term":"Voluntary Quits 2016"},{"term":"bitcoin legal"},{"term":"brent crude"},{"term":"btc"},{"term":"credit"},{"term":"deals"},{"term":"mining"},{"term":"$DRYS"},{"term":"2017"},{"term":"Amazon"},{"term":"American Apparel"},{"term":"American Style Consumer Expenditure"},{"term":"Asia Pacific Economic Cooperation (APEC)"},{"term":"Baker Hughes"},{"term":"Bitcoins"},{"term":"Blackstone"},{"term":"Bond Holder"},{"term":"Brazil 2016"},{"term":"CPI"},{"term":"Canada"},{"term":"Canada Housing"},{"term":"Capital Markets"},{"term":"Cenbanks"},{"term":"Chapter 15"},{"term":"Charts"},{"term":"Consumer Sentiment"},{"term":"Coronavirus"},{"term":"Demographics"},{"term":"Distressed Debt"},{"term":"Dodd-Frank"},{"term":"Dow Jones"},{"term":"DryShips"},{"term":"Energy"},{"term":"Ethanol"},{"term":"Fed 2016"},{"term":"Fed Data"},{"term":"Federalist Society"},{"term":"Free Trade"},{"term":"Gas"},{"term":"Gasoline"},{"term":"Geopolitics"},{"term":"Georgia"},{"term":"Germany"},{"term":"Gold Price"},{"term":"Hagan Capital"},{"term":"Hagan Capital Group"},{"term":"IRS Taxes"},{"term":"Inflation December 2016"},{"term":"International Trade"},{"term":"Investing"},{"term":"Investment Banking"},{"term":"Korea 2016"},{"term":"Korea's Implied Volatility Index"},{"term":"Macro"},{"term":"Markets"},{"term":"Metals"},{"term":"Mexico Bonds"},{"term":"Michigan Consumer Sentiment"},{"term":"Music"},{"term":"Music 2018"},{"term":"NYSE"},{"term":"Oil 2016"},{"term":"Payroll"},{"term":"Precious Metals"},{"term":"President Trump"},{"term":"Rates"},{"term":"Retail 2017"},{"term":"Royals"},{"term":"SCOTUS"},{"term":"SNF"},{"term":"Saudi Arabia"},{"term":"Silver Spot Price"},{"term":"SoCal"},{"term":"South Africa"},{"term":"Spain"},{"term":"Sporting Metrics"},{"term":"Sports"},{"term":"TPP"},{"term":"Trump TPP"},{"term":"Trumponomics"},{"term":"UK"},{"term":"US"},{"term":"Uber"},{"term":"VW"},{"term":"Voluntary Quits 2017"},{"term":"adviser"},{"term":"coinbase"},{"term":"coke"},{"term":"crowdfunding"},{"term":"diplomacy"},{"term":"equities"},{"term":"financial deregulation"},{"term":"futures"},{"term":"iran"},{"term":"middle east"},{"term":"middle east economics"},{"term":"regulatory"},{"term":"rio tinto"},{"term":"securitization"},{"term":"startup"},{"term":"stocktwits"},{"term":"syria"},{"term":"tax"},{"term":"usd"},{"term":"virtual currency"},{"term":"$APPL"},{"term":"100 Years of Gold"},{"term":"2008 recession"},{"term":"2016 Consumer Data"},{"term":"2016 Consumer Economics"},{"term":"2016 December Consumer Sentiment"},{"term":"2016 Euro"},{"term":"2016 Republican Race"},{"term":"2017 CPI"},{"term":"2017 Consumer Data"},{"term":"2017 Feb DryShips"},{"term":"2017 February Employment"},{"term":"2018 Economics"},{"term":"40 Act Fund"},{"term":"AAC Football"},{"term":"AB InBev SABMiller merger"},{"term":"ABL"},{"term":"AG"},{"term":"AMZN"},{"term":"American League"},{"term":"Article 50 From 10 Downing Street"},{"term":"Article 50 March 29"},{"term":"Assassinations"},{"term":"Atlanta Finance"},{"term":"BLS Employment"},{"term":"BRR"},{"term":"BRTI"},{"term":"Baby Boomers"},{"term":"Baltic Trading Limited"},{"term":"Banks"},{"term":"Beijing"},{"term":"Big 12 Football"},{"term":"Big Ten Football"},{"term":"Brazil"},{"term":"Breaking News"},{"term":"Brexit Scotland"},{"term":"British Courts"},{"term":"Bubbles Inflation 2016"},{"term":"CDC"},{"term":"CHF"},{"term":"CMS"},{"term":"CMS 2016"},{"term":"COVID19"},{"term":"CSX"},{"term":"Cable June 14 2016"},{"term":"Canada Housing march 2017"},{"term":"Catalonia"},{"term":"Central Bank"},{"term":"Central Europe"},{"term":"Chaganomics"},{"term":"Chapter 11"},{"term":"Chapter 22"},{"term":"Chapter 33"},{"term":"Charting"},{"term":"Chicago"},{"term":"China 2017"},{"term":"China Economy"},{"term":"China Jan 2 2017"},{"term":"China salt"},{"term":"City of Roswell"},{"term":"Clean Shares Broker"},{"term":"Coal Industry 2017"},{"term":"Coffee C"},{"term":"Coffee Futures"},{"term":"Coffee Prices"},{"term":"Coffee Prices 2016"},{"term":"College"},{"term":"College Football"},{"term":"College in America"},{"term":"Consumer"},{"term":"Copper 2017"},{"term":"Copper Futures"},{"term":"Copper Spot"},{"term":"Copper Spot Since 1967"},{"term":"Craft Brew Smash Up"},{"term":"Crude"},{"term":"Crude Oil June 14 2016"},{"term":"DIP"},{"term":"DJIA"},{"term":"DUI Firm Atlanta Tries To Buy Judge"},{"term":"Dems"},{"term":"Deutsche Bank"},{"term":"Deutsche Bank 2016"},{"term":"Diesel 2016"},{"term":"Dilma Rousseff  2016"},{"term":"Dilma Rousseff Brazil"},{"term":"Drilling"},{"term":"Drug Overdoses"},{"term":"Drugs"},{"term":"ECONOMIC FORECAST"},{"term":"EMEA"},{"term":"EPA"},{"term":"ETF"},{"term":"Earnings"},{"term":"Egypt"},{"term":"Egypt 2018"},{"term":"Egypt Economics"},{"term":"EgyptAir"},{"term":"Election 2016 November 09"},{"term":"Election Dollars Waste"},{"term":"Emissions"},{"term":"Employment"},{"term":"Entertainment"},{"term":"Estonia"},{"term":"Eurasia"},{"term":"Eurasia Rail"},{"term":"Eurofinance"},{"term":"Europe 2017"},{"term":"Export Finance Middle East"},{"term":"F:HC"},{"term":"FOMC"},{"term":"FOMC 2016"},{"term":"FX"},{"term":"Fed Stats"},{"term":"Federalist Papers"},{"term":"Fedwatchers"},{"term":"Finland"},{"term":"Fixed Income"},{"term":"Focus Economics"},{"term":"Franc"},{"term":"France"},{"term":"Franklin Templeton"},{"term":"Free Lunch Exists"},{"term":"Free Lunch Is Opportunity Cost In Economics"},{"term":"Frexit"},{"term":"GBPUSD"},{"term":"GDPNOW"},{"term":"Gas 2016"},{"term":"Gas Prices"},{"term":"Gasoline Prices"},{"term":"Gawker"},{"term":"Gazprom"},{"term":"Generations"},{"term":"Georgia District Six"},{"term":"Georgia IGE scammers"},{"term":"Gimlet Media"},{"term":"Glencore"},{"term":"Global Banking"},{"term":"Global Economic"},{"term":"Global FX"},{"term":"Global trade"},{"term":"Gold 1975"},{"term":"Gold 2016"},{"term":"Gold 30 years"},{"term":"Gold Bullion"},{"term":"Goldman Sachs"},{"term":"Golf course"},{"term":"Governor Nathan Deal"},{"term":"Greece"},{"term":"Greek"},{"term":"HC Copper"},{"term":"HFT"},{"term":"HHS"},{"term":"Hagan Capital Group \/ HCG"},{"term":"Hall of Fame Baseball"},{"term":"High Grade Copper"},{"term":"High-Frequency Trading"},{"term":"Historical Copper"},{"term":"Home Building"},{"term":"Hong Kong"},{"term":"Hotel Industry Shake up"},{"term":"Hotels"},{"term":"House Bill 4"},{"term":"House Bill 885"},{"term":"Household Disposable Income"},{"term":"Housing 2016"},{"term":"Housing USA"},{"term":"IPO"},{"term":"IPOs"},{"term":"IRS Fraud"},{"term":"IRS Illegal"},{"term":"Imports"},{"term":"Inc."},{"term":"Industrial Silver"},{"term":"InflationRates.xyz"},{"term":"International Debt"},{"term":"Investment"},{"term":"JOBS ACT"},{"term":"Jack Nicklaus"},{"term":"Jan 2017"},{"term":"Jobs"},{"term":"KOSPI"},{"term":"Kinder Morgan"},{"term":"Kindred"},{"term":"Kings"},{"term":"Korea 2017"},{"term":"Korea Economy"},{"term":"LA"},{"term":"LIBOR"},{"term":"LONG TERM"},{"term":"LONG TERM PLAYS"},{"term":"LSE"},{"term":"Lagos"},{"term":"Lawsuit"},{"term":"Leveraged Loan"},{"term":"Long-Term Care"},{"term":"MENA oil 2017"},{"term":"MLB"},{"term":"MS804"},{"term":"Marc Rich + Co"},{"term":"March 10 2015"},{"term":"March 2015"},{"term":"March 2017"},{"term":"May 6th 2010"},{"term":"McDonalds"},{"term":"Mexican Economy"},{"term":"Mexico Fixed Income"},{"term":"Mexico Treasury"},{"term":"Microeconomics"},{"term":"Missing Flight"},{"term":"Munis"},{"term":"Music charts"},{"term":"NAFTA"},{"term":"NAPP Coal"},{"term":"NJ Gas"},{"term":"NYC"},{"term":"Nat Gas"},{"term":"Natural Gas"},{"term":"Natural Gas 2017"},{"term":"NetFlicks"},{"term":"Networks"},{"term":"New Home Sales"},{"term":"Nigeria"},{"term":"Nokia"},{"term":"North Sea Oil"},{"term":"Nukes"},{"term":"Nursing Homes"},{"term":"OPEC"},{"term":"ORCL"},{"term":"Ohio"},{"term":"Oil August 2016 Russia"},{"term":"Oil Gas 2017"},{"term":"Oil Index"},{"term":"Oil March 2017"},{"term":"Oil Prices 2017"},{"term":"Oldest Colleges In America"},{"term":"Olympics 2016"},{"term":"Opioid Abuse"},{"term":"Oppenheimer"},{"term":"Oracle"},{"term":"Pac-12 Football"},{"term":"Pandemic"},{"term":"Paper No. 10"},{"term":"Paper No. 9"},{"term":"Petroleum"},{"term":"Podcast"},{"term":"Political Waste"},{"term":"Pre-IPO"},{"term":"Premier League"},{"term":"Priceline.com"},{"term":"Puerto Rico"},{"term":"Receivers"},{"term":"Recorded Music"},{"term":"Refugees"},{"term":"Regional Comprehensive Economic Partnership (RCEP)"},{"term":"Reorg"},{"term":"Retail February 2017"},{"term":"Right Wing"},{"term":"Romania"},{"term":"Rosneft"},{"term":"Roswell Georgia"},{"term":"Roswell Judge"},{"term":"Roswell Judge Brian Hansford"},{"term":"Russia Urals"},{"term":"Russian Oil"},{"term":"Russian Oil Blends"},{"term":"Russian oil Price 2016"},{"term":"SEC"},{"term":"SEC Football"},{"term":"SLBM"},{"term":"SNB"},{"term":"Sam Wong PHD"},{"term":"Samsung"},{"term":"Samsung Galaxy"},{"term":"Saratoga California"},{"term":"Saturday"},{"term":"Schengen Area Map"},{"term":"Scotland"},{"term":"Scotland Oil"},{"term":"Scotland Oil Charts"},{"term":"Scotland Oil Revenues"},{"term":"Scotland Second Vote"},{"term":"Scotland Wealth"},{"term":"Scottish Oil"},{"term":"Search Engines"},{"term":"Senate"},{"term":"Serie A"},{"term":"Shell"},{"term":"Shipping"},{"term":"Silver Creek Capital Partners LLC"},{"term":"Singapore"},{"term":"Singer"},{"term":"Six California Movement"},{"term":"Skilled Nursing"},{"term":"Smoking"},{"term":"Soccer"},{"term":"Soccer Stats"},{"term":"South America"},{"term":"South China Sea"},{"term":"Sporting Stats"},{"term":"Spot Gold"},{"term":"Startup High Risk Lending"},{"term":"Streaming internet."},{"term":"Sub-Sahara Africa"},{"term":"Submarines"},{"term":"Suisse"},{"term":"Superfund Macro Report"},{"term":"Swisws"},{"term":"Syria December 2016"},{"term":"TINSTAAFL"},{"term":"Taiwan"},{"term":"Tech"},{"term":"The Rich"},{"term":"The Silent Generation"},{"term":"The State of Wisconsin Building Commission"},{"term":"Thomas Piketty"},{"term":"Three China"},{"term":"Tom Perkins"},{"term":"Tower of London"},{"term":"Trade"},{"term":"Trans-Pacific Partnership (TPP)"},{"term":"Transneft"},{"term":"Tri state"},{"term":"Trump Coal"},{"term":"Trump Inflation"},{"term":"Trumpian"},{"term":"Trumpish"},{"term":"Turkish constitutional referendum"},{"term":"Two China"},{"term":"U. S. Economics"},{"term":"U. S. Economics January 2017"},{"term":"U.K. Economics"},{"term":"U.S. Corporate law"},{"term":"UPS"},{"term":"US Coal"},{"term":"US Disposable Personal Income"},{"term":"US Exports"},{"term":"US Oil"},{"term":"US Personal Income"},{"term":"US Personal Income Historical Data"},{"term":"US Stats"},{"term":"USA Oil"},{"term":"USDA"},{"term":"USDCHF"},{"term":"UWTI"},{"term":"Uber 2017"},{"term":"Ukraine"},{"term":"Unemployment"},{"term":"United Kingdom"},{"term":"Univeristy"},{"term":"VKOSPI"},{"term":"Venezuela"},{"term":"Venture Capital"},{"term":"Volume"},{"term":"Wages"},{"term":"Wall Street"},{"term":"Weed"},{"term":"White House"},{"term":"Wisconsin Municipal Bonds"},{"term":"Xi"},{"term":"Yeti Holdings"},{"term":"ad"},{"term":"airport"},{"term":"altcoin"},{"term":"altcoin taxes"},{"term":"altcoins"},{"term":"apple"},{"term":"apple iphone"},{"term":"apps"},{"term":"arab finance"},{"term":"banking"},{"term":"brent crude election night"},{"term":"bubbles"},{"term":"cable"},{"term":"capital"},{"term":"coca cola"},{"term":"comm"},{"term":"commod"},{"term":"corporate"},{"term":"crypto taxes"},{"term":"cryptocurrency"},{"term":"cryptography"},{"term":"currency law"},{"term":"currency wars"},{"term":"deals q3 2016"},{"term":"economic bubbles"},{"term":"equity"},{"term":"feathercoin"},{"term":"financial collapse"},{"term":"fitbit"},{"term":"forex"},{"term":"ftc"},{"term":"g20"},{"term":"global market"},{"term":"going public"},{"term":"gold December 2016"},{"term":"gold council"},{"term":"golf"},{"term":"holiday retails sales 2016"},{"term":"international law"},{"term":"international relations"},{"term":"investors"},{"term":"italy"},{"term":"lehman"},{"term":"life extension"},{"term":"litecoin"},{"term":"ltc. btc"},{"term":"manipulation"},{"term":"marketing"},{"term":"media"},{"term":"media economics"},{"term":"mergers 2016"},{"term":"middle east economics march 2017"},{"term":"minimum wage"},{"term":"monopoly"},{"term":"moodys"},{"term":"next generation"},{"term":"nike fuel"},{"term":"nsa"},{"term":"port"},{"term":"q3 2016 ipo"},{"term":"q4 2016 ipo"},{"term":"rants"},{"term":"reading list"},{"term":"reflation"},{"term":"regulation 2017"},{"term":"restructuring"},{"term":"retail 2016"},{"term":"retail industry holiday sales 2016"},{"term":"retail sales 2016"},{"term":"salt market asia"},{"term":"savannah"},{"term":"securities"},{"term":"sharia law"},{"term":"shopping sales 2016"},{"term":"smartphones"},{"term":"smartwatch"},{"term":"sneakers"},{"term":"stock market 2017"},{"term":"stock market bubbles"},{"term":"the weather channel"},{"term":"ticket receivables"},{"term":"trump era"},{"term":"trump regulation"},{"term":"us energy"},{"term":"vix"},{"term":"volatility"},{"term":"wearable technology"},{"term":"weather"}],"title":{"type":"text","$t":"Chaganomics.com"},"subtitle":{"type":"html","$t":"Popular Blog Devoted to Global Macroeconomics and General Economics."},"link":[{"rel":"http://schemas.google.com/g/2005#feed","type":"application/atom+xml","href":"https:\/\/www.chaganomics.com\/feeds\/posts\/default"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/6153012181955522079\/posts\/default\/-\/Estonia?alt=json-in-script"},{"rel":"alternate","type":"text/html","href":"https:\/\/www.chaganomics.com\/search\/label\/Estonia"},{"rel":"hub","href":"http://pubsubhubbub.appspot.com/"}],"author":[{"name":{"$t":"@Chaganomics"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/02403013900919959069"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/1.bp.blogspot.com\/-j8yjJvQtVX0\/WSxbs0sfr9I\/AAAAAAAALRg\/8Yy5GRlNdK40Y7cnyibI5P4a40-dRvqaQCK4B\/s113\/WLPoints%2BAussie%2BOpen%2B2017.png"}}],"generator":{"version":"7.00","uri":"http://www.blogger.com","$t":"Blogger"},"openSearch$totalResults":{"$t":"1"},"openSearch$startIndex":{"$t":"1"},"openSearch$itemsPerPage":{"$t":"25"},"entry":[{"id":{"$t":"tag:blogger.com,1999:blog-6153012181955522079.post-3556570207271222526"},"published":{"$t":"2018-02-08T13:54:00.001-05:00"},"updated":{"$t":"2018-02-12T11:06:21.538-05:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Central Europe"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Estonia"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Technology"}],"title":{"type":"text","$t":"Estonia Economics February 2018"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"https:\/\/3.bp.blogspot.com\/-y9YuXbBZpf0\/WnybJJMnWpI\/AAAAAAAAL78\/GsvPUgI04GkJq3aGiHyMmz72ifS-7z08gCLcBGAs\/s1600\/Estonia%2BOld%2BCity%2BSnapshot.jpg\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"500\" data-original-width=\"1000\" height=\"160\" id=\"id_f59_1fef_6073_ef63\" src=\"https:\/\/3.bp.blogspot.com\/-y9YuXbBZpf0\/WnybJJMnWpI\/AAAAAAAAL78\/GsvPUgI04GkJq3aGiHyMmz72ifS-7z08gCLcBGAs\/s320\/Estonia%2BOld%2BCity%2BSnapshot.jpg\" style=\"height: auto; width: 320px;\" width=\"320\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EDomestic economic activity appears to have lost some steam in the fourth quarter from the previous one, but remained buoyant nonetheless. Industrial production in November expanded at the slowest pace in yearon-year terms since August 2016, and retail sales contracted in the same month owing in part to higher inflationary pressures. Retail sales were lower despite declining unemployment, which dropped in November to the lowest rate since June 2008. Contrasting slower growth in the domestic economy, growth in the external sector picked up. Exports expanded at a solid rate in both October and November thanks to improved demand from Estonia’s main trading partners. The expansions observed in the first two months of Q4 were spearheaded by robust sales of mineral products as the shale oil industry recovers on the back of higher prices for energy products. Economic growth is set to decelerate in 2018 and 2019 from 2017’s multi-year high but is expected to remain buoyant. Inflows of EU funds will boost growth investment, and changes to the income tax system will boost growth in private consumption. \u003Ca href=\"https:\/\/www.focus-economics.com\/download-sample-report\"\u003EFocusEconomics\u003C\/a\u003E\u0026nbsp;panelists project that GDP will expand 3.1% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, the panel expects GDP growth of 2.9%.  HICP inflation moderated from November’s multi-year high of 4.5% to 3.8% in December. HICP inflation is expected to decline as the base effect from higher taxes and the rise in commodiup 0.2 percentage points from last month’s forecast.\u0026nbsp;\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003EAccording to Statistics Estonia, growth in industrial production moderated from a revised working-day adjusted 6.0% year-on-year increase in October (previously reported: +6.2% year-on-year) to a 2.7% increase in November. The result marks the seventeenth consecutive monthly expansion and came on the back of an expansion in mining, which more than offset a contraction in energy production. A seasonally-adjusted month-on-month assessment shows that growth in industrial production swung from a 1.6% increase in October to a 1.4% contraction in November. Finally, the annual average variation in industrial production dropped from 8.6% in October to 8.0% in November. FocusEconomics Consensus Forecast panelists expect industrial production to grow 3.9% in 2018, which is up 0.3 percentage points from last month’s forecast. The panel foresees industrial production increasing 2.5% in 2019.\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"https:\/\/3.bp.blogspot.com\/-ItlxVtzAxzA\/WnydKi2GLuI\/AAAAAAAAL8M\/PcNBx-9DNEcnsCyEJMsviGQg-dL-43xYgCLcBGAs\/s1600\/Estonia%2BPer%2BCapita%2BGDP%2B%2528USD%2529.png\" imageanchor=\"1\" style=\"margin-left: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" data-original-height=\"371\" data-original-width=\"600\" id=\"id_cb2f_edc_9ffc_ef99\" src=\"https:\/\/3.bp.blogspot.com\/-ItlxVtzAxzA\/WnydKi2GLuI\/AAAAAAAAL8M\/PcNBx-9DNEcnsCyEJMsviGQg-dL-43xYgCLcBGAs\/s1600\/Estonia%2BPer%2BCapita%2BGDP%2B%2528USD%2529.png\" style=\"height: auto; width: 600px;\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv\u003E\u003Cdiv style=\"text-align: justify;\"\u003EThe Central Bank expects GDP to grow 4.2% in 2018 and 3.1% in 2019. FocusEconomics Consensus Forecast participants see the economy growing 3.1% in 2018, which is up 0.1 percentage points from last month’s estimate. In 2019, economic growth is expected to grow 2.9%. MONETARY SECTOR | Inflation moderates in December Consumer prices dropped 0.3% in December compared to the previous month, contrasting the 0.5% month-on-month increase observed in November. According to Statistics Estonia, the monthly reading was driven by a price drop in 7 of the 12 components of the index. A steep decline in the prices of alcoholic beverages and tobacco was largely behind December’s month-onmonth drop. Inflation moderated from 4.2% in November to 3.4% in December. Annual average inflation increased from 3.3% in November to 3.4% in December. HICP inflation moderated from November’s over five and a half years high of 4.5% to 3.8% in December. Lastly, average HICP inched up from 3.5% in November to 3.6% in December. FocusEconomics Consensus Forecast panelists forecast harmonized inflation to average 3.1% in 2018, which is up 0.2 percentage points from last month’s forecast. In 2019, the panel expects harmonized inflation to average 2.8%.\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003Cdiv style=\"text-align: justify;\"\u003E\u003Cbr \/\u003E\u003C\/div\u003E\u003C\/div\u003E\u003C\/div\u003E"},"link":[{"rel":"edit","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/6153012181955522079\/posts\/default\/3556570207271222526"},{"rel":"self","type":"application/atom+xml","href":"https:\/\/www.blogger.com\/feeds\/6153012181955522079\/posts\/default\/3556570207271222526"},{"rel":"alternate","type":"text/html","href":"https:\/\/www.chaganomics.com\/2018\/02\/estonia-economic-february-2018.html","title":"Estonia Economics February 2018"}],"author":[{"name":{"$t":"@Chaganomics"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/02403013900919959069"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"32","height":"32","src":"\/\/1.bp.blogspot.com\/-j8yjJvQtVX0\/WSxbs0sfr9I\/AAAAAAAALRg\/8Yy5GRlNdK40Y7cnyibI5P4a40-dRvqaQCK4B\/s113\/WLPoints%2BAussie%2BOpen%2B2017.png"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"https:\/\/3.bp.blogspot.com\/-y9YuXbBZpf0\/WnybJJMnWpI\/AAAAAAAAL78\/GsvPUgI04GkJq3aGiHyMmz72ifS-7z08gCLcBGAs\/s72-c\/Estonia%2BOld%2BCity%2BSnapshot.jpg","height":"72","width":"72"}}]}});