Finland: Staff Report for the 1999 Article IV Consultation
October 18, 1999
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
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.
Subject: Employment, Expenditure, Labor, Labor markets, Pension spending, Pensions
Keywords: budget proposal, business outlook indicator, consumer price inflation, CR, Employment, Global, government, government program, ISCR, Labor markets, Pension spending, Pensions, public finance, staff appraisal, surplus, wage agreement
Pages:
44
Volume:
1999
DOI:
Issue:
121
Series:
Country Report No. 1999/121
Stock No:
1FINEA0011999
ISBN:
9781451813142
ISSN:
1934-7685
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
