IMF Staff Country Reports

Finland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

December 7, 2016

Download PDF

Preview Citation

Format: Chicago

Finland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This 2016 Article IV Consultation highlights that the growth in Finland has turned tepidly positive again following a deep recession. GDP increased by 0.2 percent in 2015 driven by stronger private consumption and a rebound in investment. Although net export growth was weak, falling oil prices contributed to the nominal trade balance shifting into surplus, reducing the current account deficit. Better-than-expected fiscal performance brought the deficit back under the 3 percent Stability and Growth Pact limit in 2015. The recovery is likely to continue, but growth is set to remain slow at about 0.9 percent in 2016 and 1.1 percent in 2017. This outlook is subject to downside risks.

Subject: Banking, Expenditure, Financial institutions, Financial sector policy and analysis, Fiscal policy, Labor, Labor markets, Loans, Macroprudential policy, Nonperforming loans, Public debt

Keywords: Baltics, CR, Finland, Fiscal policy, GDP, General government finances, Global, Growth package spending, Household debt, IMF staff calculation, IMF's articles of agreement, IMF's transparency policy, ISCR, Labor market, Loans, Macroprudential policy, Macroprudential policy mandate, Potential GDP, Progress assessment, SGP threshold, Staff recommendation, State budget, Statement by the executive director for Finland

Publication Details

  • Pages:

    60

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/368

  • Stock No:

    1FINEA2016002

  • ISBN:

    9781475557947

  • ISSN:

    1934-7685