27 August 2010

ESTONIA: Edward Hugh's Economic Prediction: "Delayed Recovery."

EASTERN EUROPE ECONOMY WATCH BLOG/            Another in-depth analysis from economist Edward Hugh...with charts and graphs galore.
"...the Estonian case is a complex one, since in a country with only just over a million people a myriad of special case factors can be at work, confounding results. But still, the idea is abroad that Estonia is a kind of "black swan", a data point which tends to suggest that conventional macro economic wisdom is somehow flawed. So just how valid is this view. Let's take a look at some data."