Republic of Estonia: 2015 Article IV Consultation-Press Release; Staff Report; and Informational Annex

December 14, 2015

Preview Citation

Format: Chicago

Republic of Estonia: 2015 Article IV Consultation-Press Release; Staff Report; and Informational Annex, (USA: International Monetary Fund, 2015) accessed December 23, 2024

Summary

This 2015 Article IV Consultation highlights that Estonia’s economic growth has slowed following the rebound from the deep recession in 2009. Although Estonia’s economic and institutional fundamentals are among the strongest in the region, the economy is expected to expand by only a modest 1.6 percent in 2015. Growth is primarily driven by private consumption, which benefits from strong wage growth as labor market slack diminishes for demographic reasons. The economy should gather speed going forward. Growth is projected at 2.5 percent for 2016 and should average about 3 percent over the next few years.

Subject: Balance of payments, Current account, Financial derivatives, Financial institutions, Labor, Production, Productivity, Public debt, Wages

Keywords: Baltics, Central and Eastern Europe, CR, Current account, Current account, Economics indicator, Estonia, Executive board assessment, Financial derivatives, Government, ISCR, Productivity, Productivity gain, Productivity-enhancing program, Public finances, Wages, Western Europe

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/336
Stock No:

1ESTEA2015001
ISBN:

9781513524788
ISSN:

1934-7685

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