Finland : 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland.

Author/Editor:

International Monetary Fund

Publication Date:

February 4, 2009

Electronic Access:

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Summary:

Finland’s 2008 Article IV Consultation shows that spillovers from the global turmoil are adversely affecting activity and may weaken the financial system. From a cyclical perspective, a fiscal structural loosening is warranted. Its effectiveness in Finland’s small, open economy would be limited in the absence of an EU-wide fiscal package. The authorities have been confident that an EU-coordinated budget expansion is in the works. There has been agreement that loosening should be designed to minimize damage to long-term fiscal sustainability.

Series:

Country Report No. 09/39

Subject:

English

Publication Date:

February 4, 2009

ISBN/ISSN:

9781451813302/1934-7685

Stock No:

1FINEA2009001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

85

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