Finland: Staff Report for the 2000 Article IV Consultation

August 31, 2000

Summary

Finland has recovered from the depression of the early 1990s, and is engaged in a new phase of economic expansion. Problems remain on the structural front and should be tackled for robust long-term growth. The restraint on the growth of public expenditures should be complemented by a significant reduction in the heavy tax burden on labor income. The macroeconomic policy stance should be complemented by other measures on the structural front to help expand the effective labor supply and enhance the supply response of the economy.

Subject: Expenditure, Labor, Labor force, Labor markets, Potential output, Production, Social security contributions, Taxes

Keywords: banking sector, core inflation, CR, economy, Europe, Finland, housing market, IMF staff estimate, ISCR, Labor force, labor market tension, Labor markets, output gap, Potential output, price index, product market, productivity growth, public finance, Social security contributions, stability program, structural surplus, supply response of the economy, surplus

Pages:
23
Volume:
2000
DOI:
https://doi.org/10.5089/9781451813159.002
Issue:
117
Series:
Country Report No. 2000/117
Stock No:
1FINEA0012000
ISBN:
9781451813159
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 00/68 IMF Concludes Article IV Consultation with Finland

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