Finland: Staff Report for the 2014 Article IV Consultation

International Monetary Fund

No 2014/139, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; GDP; economy; Finland; cost; debt; policy recommendation; government decision; article IV consultation discussion; private sector productivity growth; staff recommendation; growth outcome; FIN-FSA stress tests; Housing prices; Labor markets; Fiscal consolidation; Global; Europe; Baltics (search for similar items in EconPapers)
Pages: 51
Date: 2014-05-28
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