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Republic of Estonia: Staff Report for the 2010 Article IV Consultation
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 034
Language:
English
Publication Date:
02 Feb 2011
DOI:
https://doi.org/10.5089/9781455216611.002
ISBN:
9781455216611
ISSN:
1934-7685
Pages:
59
Keywords:
ISCR; CR; Estonia; economy; Eurozone membership; core inflation; inflation risk; inflation expectation; competitiveness gain; Financial derivatives; Income; Loans; Global; Baltics
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Despite enduring one of the sharpest contractions in the EU, Estonia has been successful in its all-out efforts to join the euro area. Core prices have also begun increasing but at a moderate rate. Recent wage increases have defied not only high unemployment but also increases in vacancies and long-term unemployment. Executive Directors welcomed the authorities’ medium-term goal of returning to budget surpluses to restore fiscal reserves and keep public debt at low levels. Directors observed that the financial sector had weathered the crisis relatively well.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund