Experts say boosting R&D could help Estonia tackle rising public debt | News
“Estonia’s economy is not used to a relatively mild but prolonged downturn or zero growth,” says Peeter Luikmel, an economist at the Bank of Estonia. Since regaining independence until the global financial crisis, downturns meant a rapid and sharp decline for Estonians, followed by recovery within a couple of years. “External demand vanished and then…

