Estonian Economy and Monetary Policy 1/2011

Estonian Economy and Monetary Policy 1/2011

CONTENTS

ECONOMIC FORECAST FOR 2011-2013
Summary

EXTERNAL ENVIRONMENT

Box 1: Monetary policy environment

BASELINE FORECAST SCENARIO

Economic activity
Box 2. The impact of volatility on economic growth
Domestic demand
Private consumption
Investment
Inventories
External balance and competitiveness
Box 3: Market share of the Estonian exports in the EU internal market
Labour market
Employment and productivity
Unemployment
Wages and labour costs
Prices
Box 4. Inflationary effects of the adoption of the euro in Estonia
Food
Energy
Core inflation
General government
General government revenues
General government expenditures
Fiscal balance and debt
Banking sector and financing of the economy
Credit supply
Credit demand

 

FORECAST RISKS

ANNEX. HOW DOES THE ESTONIAN FOOD MARKET SERVE MARKET PARTICIPANTS?
PART I. Commodity prices and reasons for their inflation, primarily in 2010
PART II. Foreign trade dynamics and reasons for its inflation, primarily in 2010
PART III. Analysis of competitive situation in food supply chain

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