Finland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

December 13, 2017

Preview Citation

Format: Chicago

Finland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland, (USA: International Monetary Fund, 2017) accessed November 17, 2024

Summary

This 2017 Article IV Consultation highlights that Finland’s economic growth has picked up considerably, broadening to exports and equipment investment, and the current account is back to surplus. The economic recovery is expected to remain strong in the near term, but potential growth is constrained by labor market rigidities and aging. The IMF projects growth of 2.8 percent in 2017 and 2.3 percent in 2018. Better-than-expected fiscal outcomes in 2016 are projected to continue in 2017, but the public finances face long-term challenges from a declining working age population and escalating age-related spending. Avoiding a procyclical fiscal stance would help rebuild buffers over the medium term.

Subject: Banking, Employment, Income, Labor, Labor markets, National accounts, Wages

Keywords: CR, Employment, Employment growth, Employment incentive, Further labor market reform, Global, Government, Government program, Holding, Income, ISCR, Labor market rigidity, Labor markets, Liability positions vis-a-vis nonresident, Money market rate, Potential GDP, Wages

Publication Details

Pages:

72
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/370
Stock No:

1FINEA2017005
ISBN:

9781484332498
ISSN:

1934-7685

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