Finland: Staff Report for the 1999 Article IV Consultation
Electronic Access:
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Summary:
This 1999 Article IV Consultation highlights that Finland’s economy has made a strong recovery from the deep recession that began in the early 1990s. Spurred by a devaluation of the markka, growth was predominantly export driven, and the external current account shifted from a deficit of more than 5 percent in the early 1990s to a surplus of the same magnitude in 1997/98. In this setting, prudent macroeconomic policies brought public finances from a deficit of 7 percent of GDP in 1993 to a surplus in 1998.
Series:
Country Report No. 1999/121
Subject:
Employment Expenditure Labor Labor markets Pension spending Pensions
Notes:
Included with the Staff Report are the text of Public Information Notice No.99/95--IMF Concludes Article IV Consultation with Finland and a Statement by Olli-Pekka Lehmussaari, Alternate Executive Director for Finland
English
Publication Date:
October 18, 1999
ISBN/ISSN:
9781451813142/1934-7685
Stock No:
1FINEA0011999
Pages:
44
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