Extracts from the press conference by Olli Rehn on the autumn economic forecasts for 2012-2014 (Estonia, Latvia, Lithuania, Poland)
Type: Summary of press conference
End production: 07/11/2012 First transmission: 07/11/2012
On 7 November 2012, Olli Rehn, Vice-President of the EC in charge of Economic and Monetary Affairs and the Euro, presented the economic autumn forecast for 2012-14 in the Euro area.
Regarding the Baltic Member States, Olli Rehn underlined that Estonia, Latvia and Lithuania have recovered well from the deep output losses in 2008 and 2009 and are now the fastest growing economies in the EU with a rapid fall in unemployment.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Soundbite by Olli Rehn, Member of the EC in charge of Economic and Monetary Affairs, (in ENGLISH): The Baltic Member States, Estonia, Latvia and Lithuania, have recovered well from the deep output losses during the deepest economic recession in 2008-2009 and the Baltic Member States are now the fastest growing economies in the EU. Latvia illustrates the benefits of the strong implementation of its economic reform programme which ended in January 2012. All three countries are seeing a rapid fall in unemployment, set to drop by around seven percentage points by the end of the forecast horizon from the peak reached in 2010.
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||Soundbite by Olli Rehn (in ENGLISH): For Poland, a deceleration is projected for 2013, before going back to more dynamic growth in 2014.
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