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

International Monetary Fund

No 2021/160, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: policy support; data provision; statistics database; policy buffer; Policy discussion; debt data; COVID-19; Anti-money laundering and combating the financing of terrorism (AML/CFT); Financial statistics; Global (search for similar items in EconPapers)
Pages: 87
Date: 2021-07-21
New Economics Papers: this item is included in nep-isf and nep-mac
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