Finland: Staff Report for the 2014 Article IV Consultation

May 28, 2014

Preview Citation

Format: Chicago

Finland: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed December 22, 2024

Summary

This 2014 Article IV Consultation highlights that Finland’s strong economic record has stalled. The economy has been in recession for three of the last five years, and unemployment is now more than 8 percent, with more people without work for longer. The shortfall in growth, coming at a time when peer economies saw GDP improve and unemployment fall, points to deeper structural problems. Exports suffered from the continued decline of the information and communications technology industry and falling demand for paper and pulp. The outlook is for a slow and fragile recovery, and weaker external demand could easily derail the upswing.

Subject: Banking, Expenditure, Fiscal consolidation, Fiscal policy, Housing prices, Labor, Labor markets, Prices, Public debt

Keywords: Article IV consultation discussion, Baltics, Cost, CR, Debt, Economy, Europe, FIN-FSA stress tests, Finland, Fiscal consolidation, GDP, Global, Government decision, Growth outcome, Housing prices, ISCR, Labor markets, Policy recommendation, Private sector productivity growth, Staff recommendation

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/139
Stock No:

1FINEA2014001
ISBN:

9781498344708
ISSN:

1934-7685

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