Finland: Staff Report for the 1999 Article IV Consultation
IMF Staff Country Reports, October 18, 1999
Source details
- Canonical URL
- Finland: Staff Report for the 1999 Article IV Consultation
Other formats
Bibliographic details
- Published: October 18, 1999
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813142.002
Key findings and macroeconomic developments
- Finland’s economy made a strong recovery from the deep recession that began in the early 1990s.
- Recovery was spurred by a devaluation of the markka.
- Growth was predominantly export driven.
- The external current account shifted from a deficit of more than 5 percent in the early 1990s to a surplus of the same magnitude in 1997/98.
- Prudent macroeconomic policies brought public finances from a deficit of 7 percent of GDP in 1993 to a surplus in 1998.
Policy implications and topics covered
- Employment
- Expenditure
- Labor
- Labor markets
- Pension spending
- Pensions
- Public finance
- Staff appraisal
- Wage agreement
- Budget proposal
- Business outlook indicator
- Consumer price inflation
- Surplus