Republic of Estonia: Staff Report for the 2014 Article IV Consultation

May 8, 2014

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Republic of Estonia: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Summary

This 2014 Article IV Consultation highlights that in 2013, Estonia’s recovery from the crisis continued but at a slower pace. Real GDP growth was 0.8 percent, with private consumption providing the main support, although net exports made a negative contribution. Inflation declined to about 3½ percent, but stayed above the euro average. Public finances remained strong, with a fiscal deficit of 0.2 percent of GDP and a gross public debt of 10 percent of GDP. Real GDP growth is projected at 2.4 percent in 2014, rising toward expected potential growth of 3 to 3.5 percent in the medium term.

Subject: External debt, Financial derivatives, Financial institutions, Fiscal policy, Labor, Labor markets, Public debt, Wages

Keywords: Baltics, CR, Debt, Deficit, Financial asset, Financial derivatives, Global, Government balance sheet, ISCR, Policy agenda, Recovery from the crisis, Structural surplus, Transition to the Banking Union, Unemployment rate, Wages

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/112
Stock No:

1ESTEA2014001
ISBN:

9781484373118
ISSN:

1934-7685

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