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Home Publications Blogs Beat the Press Growing Estonia Has 16.2 Percent Unemployment

Growing Estonia Has 16.2 Percent Unemployment

Thursday, 06 January 2011 06:17
The Washington Post had an article on Estonia's entry into the euro zone. It contrasted Estonia, along with Germany, as "growing" economies, with debt laden ones, like Greece and Ireland. It would have been worth noting that Estonia now has an unemployment rate of 16.2 percent. It's economy shrank by more than 15 percent in the downturn and it is not projected to get back to its 2007 level of GDP until after 2015. For these reasons, it is strange to paint Estonia as a success story.
Comments (3)Add Comment
written by fuller schmidt, January 06, 2011 12:55
The last election proved once and for all that facts don't matter.
written by unlawflcombatnt, January 06, 2011 6:59
No, the last 2 elections showed that facts don't matter.
sittane vabariik
written by eerik, January 20, 2011 11:09
mis elu see siin eestis invaliid ei sa isegi hampait ravida mõttetu mudaauk

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.