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

International Monetary Fund

No 2014/112, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; financial asset; structural surplus; deficit; debt; unemployment rate; policy agenda; government balance sheet; transition to the Banking Union; recovery from the crisis; Wages; Financial derivatives; Baltics; Global (search for similar items in EconPapers)
Pages: 46
Date: 2014-05-08
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