Cover IMF Staff Country Reports
Republic of Estonia: Staff Report for the 2014 Article IV Consultation
Author:
International Monetary Fund. European Dept.
Search for other papers by International Monetary Fund. European Dept. in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 112
Language:
English
Publication Date:
08 May 2014
DOI:
https://doi.org/10.5089/9781484373118.002
ISBN:
9781484373118
ISSN:
1934-7685
Pages:
46
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
Download PDF (1.3 MB) Download Epub
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.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2014: Issue 112