Republic of Estonia: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/394, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the 2005 Article IV Consultation on the Republic of Estonia focuses on the economic outlook and risks. Robust economic growth continues, largely driven by domestic demand. Estonia has achieved significant nominal convergence; meeting all of the Maastricht criteria, save for inflation. Estonia’s banking system remains financially sound, with strong profitability continuing despite increased competition. It is important for Estonia to maintain the high degree of market flexibility that has been achieved.

Keywords: ISCR; CR; headline inflation; product market flexibility; criterion; Maastricht criterion; current account deficit; headline inflation inflation rate; IMF staff estimate; authorities consent; Current account deficits; Inflation; Current account; Baltics (search for similar items in EconPapers)
Pages: 48
Date: 2005-11-04
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