Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report

July 21, 2021

Preview Citation

Format: Chicago

Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

Macroeconomic performance and buffers were strong when the COVID-19 pandemic hit. Economic and social restrictions instituted in March 2020 helped slow new infections and mitigate negative health outcomes but triggered a deep decline in activity in Q2:2020. The slump was followed by a strong rebound in Q3 as the restrictions were eased. With the resurgence of the virus, pressures on the health system peaked in late-March 2021 and eased after a new round of restrictions. Going forward, the outlook is for a near-term economic recovery subject to large two-way risks. The strength and durability of the recovery hinges on the evolution of the health situation and the extent of economic scarring from the pandemic.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), COVID-19, Crime, Economic and financial statistics, Financial statistics, Health, International organization, Monetary policy, Public debt

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), COVID-19, Data provision, Debt data, Financial statistics, Global, Policy buffer, Policy discussion, Policy support, Statistics database

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/160
Stock No:

1ESTEA2021001
ISBN:

9781513587370
ISSN:

1934-7685

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