In 2009 the biggest GDP downfall in Estonia was recorded in Q2 – 16.1%

According to Statistics Estonia, in 2009 the gross domestic product (GDP) decreased by 14.1% compared to the previous year. The biggest downfall was in the 2nd quarter when the GDP decreased by 16.1%. After that, the decrease gradually decelerated. In the 4th quarter, the GDP decreased by 9.5% according to the first estimates.... Read more...