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Estonia

Country may enter Euro Area in 2011

Although the economy is still deeply mired in recession, recent industrial production data show modest signs of stabilisation. Nonetheless, the outlook remains negative and panellists expect the economy to contract this year. Meanwhile, the Central Bank stated that the country will fulfil European Union fiscal and inflation targets this year, which may lead to the country's adoption of the euro in 2011.

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Published on 20 July 2010:
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