Finland: 2001 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Finland

November 21, 2001

Preview Citation

Format: Chicago

Finland: 2001 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of Finland, (USA: International Monetary Fund, 2001) accessed November 24, 2024

Summary

Finland's performance has been impressive. In light of rapid population aging, a significant and durable increase in the employment rate is vital. To leave room for needed tax cuts on labor while maintaining sufficiently large fiscal surpluses is crucial. With both growth and inflation set to slow, the current cyclical outlook offers an excellent opportunity for a taxed-based fiscal easing. Pension reform will ease the consequences of the demographic shock substantially. The private services sector in Finland has very strong potential for employment creation and growth.

Subject: Employment, Labor, Labor markets, Labor taxes, Taxes, Wages

Keywords: CR, Employment, Employment creation, Employment growth, Employment situation, Global, Growth projection, Headline inflation, ISCR, Labor markets, Labor taxes, Pay, Projection, Retirement age, Sonera, Staff appraisal, Staff note, Staff recommendation, Telecommunications company Sonera, Wages

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/213
Stock No:

1FINEA0012001
ISBN:

9781451813166
ISSN:

1934-7685

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