Republic of Estonia : Staff Report for the 2004 Article IV Consultation

1ESTEA0022004 Image
Price:  $15.00

Release Date: © November, 2004
ISBN : 978-1-45181-244-2
Stock #: 1ESTEA0022004
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that economic activity has been gathering speed in Estonia. Year-over-year growth accelerated to 6.8 percent in 2004 Q1 from 5.8 percent in 2003 Q1, driven by domestic demand and supported by technology sector exports. Inflation accelerated in the first half of 2004 as a result of European Union tax harmonization. Estonia’s banking system remains financially sound. The percentage of nonperforming loans declined further and, at 0.4 percent of the total, is the lowest among transition countries.




More publications in this series: IMF Staff Country Reports