Republic of Estonia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Estonia

June 21, 2024

Preview Citation

Format: Chicago

Republic of Estonia: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Estonia, (USA: International Monetary Fund, 2024) accessed September 16, 2024

Summary

Russia’s war on Ukraine triggered supply side disruptions, shifting up price and cost levels compared to the euro area average and hurting competitiveness. These developments added to longer-standing problems. Estonia’s export market share has stalled since soon after the GFC as productivity growth fell and the country’s previous competitive edge slowly eroded.

Subject: Exports, Fiscal policy, Fiscal stance, International trade, Output gap, Production, Productivity

Keywords: Baltics, Exports, Fiscal stance, IMF staff representative, Output gap, Policy recommendation, Productivity, Staff appraisal, Supplementary budget, TA project

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/177
Stock No:

1ESTEA2024001
ISBN:

9798400278303
ISSN:

1934-7685

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