Finland : Staff Report for the 2003 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

October 16, 2003

Electronic Access:

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Summary:

The economic restructuring and expansion after the crisis reflected a combination of private sector initiative, solid macroeconomic management, including the shift from large deficits to significant surpluses of the general government, and structural reforms. High unemployment is one indication that structural rigidities continue to hamper Finland's output potential. In the face of high unemployment and rapid population aging, the discussions focused on supporting medium-term growth while securing long-term fiscal sustainability. Reflecting concerns about slowing growth, front-loaded expenditure increases, and tax cuts were at the center of the fiscal policy debate.

Series:

Country Report No. 03/325

Subject:

English

Publication Date:

October 16, 2003

ISBN/ISSN:

9781451813180/1934-7685

Stock No:

1FINEA0012003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

43

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