Finland: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Finland

Publication Date: May 28, 2014
Electronic Access: Free Full text (PDF file size is 1,421KB).
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Summary: 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.
Series: Country Report No. 14/139
Subject(s): Article IV consultation reports | Fiscal policy | Pension reforms | Labor market reforms | Banking sector | Bank supervision | Economic indicators | Debt sustainability analysis | Staff Reports | Press releases | Finland

Publication Date: May 28, 2014
ISBN/ISSN: 9781498344708/1934-7685 Format: Paper
Stock No: 1FINEA2014001 Pages: 51
US$18.00 (Academic Rate:
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