Republic of Estonia: 2025 Article IV Consultation-Press Release; and Staff Report

Republic of Estonia: 2025 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue: Volume 2025 Issue 181
Publication date: July 2025
ISBN: 9798229017718
$20.00
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Topics covered in this book

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Economics- Macroeconomics , Public Finance , FAD mission , currency of Estonia , defense spending needs , executive board assessment , headline inflation , Personal income tax , Fiscal stance , Financial derivatives , Global , Baltics

Summary

The Estonian economy is slowly re-emerging from a prolonged downturn but faces structural challenges. Wages growing faster than productivity and permanent increases in input costs, a legacy of previous shocks, are hindering price-sensitive activities, while production with higher technological content is constrained by lack of skilled labor and limited access to capital markets. Geopolitical developments, rising defense spending needs, and preexisting fiscal imbalances pose significant hurdles.