Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report
Electronic Access:
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Summary:
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.
Series:
Country Report No. 2021/160
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
Frequency:
regular
English
Publication Date:
July 21, 2021
ISBN/ISSN:
9781513587370/1934-7685
Stock No:
1ESTEA2021001
Pages:
87
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