| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
|---|---|
| Series Title | Country Focus |
| Series Details | Vol.7, No.6, October 2010 |
| Publication Date | October 2010 |
| ISSN | 1725-8375 |
| EC | KC-XA-10-006-EN-N |
| Content Type | Journal | Series | Blog |
|
This study focuses on the most important drivers of the swift current account rebalancing which is taking place in Estonia in 2010 and considers the possible way forward. After very large deficits in the boom years (2005-2007), Estonia's current account balance turned positive in the downturn, as domestic demand severely contracted. It should shift back into deficit when domestic demand eventually resumes, with a speed and extent dependent on the country's further efforts to increase productivity and competitiveness. |
|
| Source Link | Link to Main Source http://ec.europa.eu/economy_finance/publications/country_focus/2010/cf-7-06_en.htm |
| Countries / Regions | Estonia |
