Republic of Estonia: Staff Concluding Statement of the 2026 Article IV Mission | Pressiteated | Eesti Pank

Estonia’s central bank summary (Article IV Mission) highlights both short-term headwinds and longer-term reform paths relevant to foreign policy, diplomacy, elections, economy, and security:

• Economic outlook and policy stance:
  • A sizable fiscal expansion boosted growth, but higher energy prices and geopolitical tensions weigh on the near-term outlook.
  • Urgent need for credible fiscal consolidation to stabilize public debt below 60% of GDP, with a planned gradual stru