Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report
July 21, 2021
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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.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), COVID-19, Crime, Economic and financial statistics, Financial statistics, Health, International organization, Monetary policy, Public debt
Keywords: 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
Pages:
87
Volume:
2021
DOI:
Issue:
160
Series:
Country Report No. 2021/160
Stock No:
1ESTEA2021001
ISBN:
9781513587370
ISSN:
1934-7685
