Which way economic policy?

  • 2003-09-04
  • Rupinder Singh
The IMF's annual pilgrimage to Tallinn as part of the Article IV agreementwas concluded at the beginning of August. The fund's report, which tends tobe a mixture of textbook economics and diplomatic spin-doctoring of wordsthat require reading between the lines, was no different this time around.The IMF confirms the positive assessment for an economy that continues tomotor along at a growth trajectory of 4 percent ­ 5 percent per annum inreal terms despite a slowdown of external demand beyond Estonia. However,there are some policy concerns that are highlighted and which need to beseriously a...
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