Finland: Staff Report for the 2012 Article IV Consultation

International Monetary Fund

No 2012/253, IMF Staff Country Reports from International Monetary Fund

Abstract: The paper is an account of Finland’s unexpected upcoming deceleration in the economy at the end of 2011 and later. The deleveraging of the financial sector and the debt crisis made the nation fear an inevitable recession. To sustain this vulnerable situation, due attention was given to short-term growth and long-term challenges. Banks were encouraged to build up capitals and toughen bank decrees. Plans were made to multiply labor power and productivity. At the end of the paper, the Board welcomed the commitment of the state in improving and safeguarding the financial sector.

Keywords: ISCR; CR; deficit; current account statistics; staff appraisal; Finland; revision; consumer confidence; fiscal policy; FIN-FSA in cooperation; Fiscal stance; Aging; Loans; Europe; Global; Baltics; Asia and Pacific (search for similar items in EconPapers)
Pages: 70
Date: 2012-08-31
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Citations: View citations in EconPapers (1)

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