Finland: Staff Report for the 1999 Article IV Consultation

October 18, 1999

Preview Citation

Format: Chicago

Finland: Staff Report for the 1999 Article IV Consultation, (USA: International Monetary Fund, 1999) accessed November 22, 2024

Summary

This 1999 Article IV Consultation highlights that Finland’s economy has made a strong recovery from the deep recession that began in the early 1990s. Spurred by a devaluation of the markka, growth was predominantly export driven, and 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. In this setting, prudent macroeconomic policies brought public finances from a deficit of 7 percent of GDP in 1993 to a surplus in 1998.

Subject: Employment, Expenditure, Labor, Labor markets, Pension spending, Pensions

Keywords: Budget proposal, Business outlook indicator, Consumer price inflation, CR, Employment, Global, Government, Government program, ISCR, Labor markets, Pension spending, Pensions, Public finance, Staff appraisal, Surplus, Wage agreement

Publication Details

Pages:

44
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/121
Stock No:

1FINEA0011999
ISBN:

9781451813142
ISSN:

1934-7685

Notes

Included with the Staff Report are the text of Public Information Notice No.99/95--IMF Concludes Article IV Consultation with Finland and a Statement by Olli-Pekka Lehmussaari, Alternate Executive Director for Finland

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