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OECD Economic Surveys: Estonia 2012

image of OECD Economic Surveys: Estonia 2012

OECD's 2012 Economic Survey of Estonia examines recent economic developments, policy, and prospects. In addition it includes special chapters covering macroeconomic volatility and skills and poverty.

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Key policy recommendations

Notwithstanding the deep 2008/9 economic crisis, Estonia has achieved one of the highest medium-term growth rates in the OECD, accompanied by rapid income convergence. The strong recovery from the crisis has benefited from structural strengths of the economy: a flexible labour force, business friendly regulation, well capitalised financial institutions, a successful transition from the currency board to euro area membership, and sustained credibility of fiscal policy.

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