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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...
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The government of Estonia places a high importance on openness and transparency, both for their citizens and for …
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This 2016 Article IV Consultation highlights that Estonia's recent growth has been subdued. Labor productivity and … to about 1 percent. The economy should gradually strengthen going forward, as the external environment improves and …
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This Selected Issues paper examines the impact of fast unit labor cost (ULC) growth in Estonia. ULCs in Estonia have … convergence prospects with western Europe. This highlights the importance of making Estonia's pro-productivity policies a success …, but in the nearer term the onus is on mitigating excessive wage growth because in this area, Estonia, together with the …
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