Finland: Staff Report for the 2002 Article IV Consultation

August 15, 2002

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Format: Chicago

Finland: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed December 26, 2024

Summary

This 2002 Article IV Consultation highlights that the economic growth in Finland slowed sharply in 2001 in the face of a deteriorating external environment, but is expected to pick up significantly by 2003 after staying somewhat lackluster in 2002. The abrupt contraction of the information and communications technologies market, as well as a decline in traditional exports, contributed to a significant decline in both export volume growth and real growth overall in 2001. The main challenges for economic policy are interrelated to deal with high unemployment and the impact of a rapidly aging population.

Subject: Employment, Expenditure, Labor, Labor taxes, Social security contributions, Taxes

Keywords: Article IV consultation, CR, Employment, Employment rate, Exchange rate, IMF staff estimate, IMF staff projection, ISCR, Labor taxes, Market flexibility, Potential GDP, Product market, Public expenditure, Public expenditure limit, Social security contributions, Supply incentive, Surplus

Publication Details

Pages:

30
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/186
Stock No:

1FINEA0012002
ISBN:

9781451813173
ISSN:

1934-7685

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