Republic of Estonia : Staff Report for the 2006 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

November 29, 2006

Electronic Access:

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Summary:

Estonia’s commitment to free markets and prudent financial policies has paid off handsomely. Demand pressures and rapid productivity growth have produced strong wage increases and large employment gains. Inflation, while moderate for a fast-converging economy, remains above the Maastricht threshold, and has been pushed up in recent months by rises in nontraded goods prices. Estonia’s economic growth has supported—and been supported by—rapid credit growth, financed increasingly by resource transfers from Nordic banking groups to Estonian affiliates. The macroeconomic impact of EU funds is needed.

Series:

Country Report No. 06/418

Subject:

English

Publication Date:

November 29, 2006

ISBN/ISSN:

9781451933963/1934-7685

Stock No:

1ESTEA2006001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

46

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