Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, July 21, 2021
Source details
- Canonical URL
- Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: July 21, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513587370.002
Executive summary and outlook
- 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.
Major themes and areas of focus
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- COVID-19 and health system pressures
- Crime
- Economic and financial statistics
- Financial statistics
- Monetary policy
- Public debt
- International organization engagement
Keywords and policy framing
- Anti-money laundering and combating the financing of terrorism (AML/CFT)
- COVID-19
- data provision
- debt data
- Financial statistics
- Global
- policy buffer
- Policy discussion
- policy support
- statistics database
Content in this bundle
- 1. Risk Assessment Matrix