Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Republic of Estonia and endorsed the staff appraisal on a lapse-of-time basis without a meeting. After a swift rebound from the pandemic in 2021, Russia's war on Ukraine has triggered a sharp and broad-based downturn for Estonia. Exports have been the main driver, reflecting weaker external demand but private consumption has also weakened considerably as high inflation has weighed on real disposable income.

https://www.miragenews.com/imf-finalizes-2023-article-iv-consultation-with-1056163/

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