Republic of Estonia: Staff Report for the 2010 Article IV Consultation

February 2, 2011

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Republic of Estonia: Staff Report for the 2010 Article IV Consultation, (USA: International Monetary Fund, 2011) accessed September 27, 2024

Summary

Despite enduring one of the sharpest contractions in the EU, Estonia has been successful in its all-out efforts to join the euro area. Core prices have also begun increasing but at a moderate rate. Recent wage increases have defied not only high unemployment but also increases in vacancies and long-term unemployment. Executive Directors welcomed the authorities’ medium-term goal of returning to budget surpluses to restore fiscal reserves and keep public debt at low levels. Directors observed that the financial sector had weathered the crisis relatively well.

Subject: Banking, External debt, Financial derivatives, Financial institutions, Income, Loans, National accounts, Public debt

Keywords: Baltics, Competitiveness gain, Core inflation, CR, Economy, Estonia, Eurozone membership, Financial derivatives, Global, Income, Inflation expectation, Inflation risk, ISCR, Loans

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/034
Stock No:

1ESTEA2011001
ISBN:

9781455216611
ISSN:

1934-7685

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