MIL-OSI Economics: Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report

4

Source: International Monetary Fund

Republic of Estonia: 2021 Article IV Consultation-Press Release; and Staff Report

Publication Date:

July 21, 2021

. Use the free Adobe Acrobat Reader to view this PDF file

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:

Frequency:

regular

English

Publication Date:

July 21, 2021

ISBN/ISSN:

9781513587370/1934-7685

Stock No:

1ESTEA2021001

Pages:

87

MIL OSI Economics