Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

International Monetary Fund

No 2019/007, IMF Staff Country Reports from International Monetary Fund

Abstract: Recent growth has been healthy, and the unemployment rate has fallen to its lowest level since 2011. However, some underlying weaknesses remain. The rate in which new jobs are created and the “churn” of workers relocating across jobs has not picked up with the recovery, labor productivity growth remains weak, and the outlook for potential growth is constrained by a shrinking workforce. Household debt has been increasing as the economy has recovered, and some borrowers appear vulnerable to interest rate increases.

Keywords: ISCR; CR; holding; demand; rate; market; public finance; liability positions vis-a-vis nonresident; potential GDP; household debt; employment growth; weight floor; consumer confidence; financial system; damage confidence; Labor markets; Housing; Loans; Income; Global; Europe (search for similar items in EconPapers)
Pages: 63
Date: 2019-01-15
New Economics Papers: this item is included in nep-mac
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