Finland: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, February 7, 2005
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- Finland: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: February 7, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813234.002
Economic background and growth
- Sustained economic growth noted as "among the highest in the industrialized world."
- Growth underpinned by productivity gains led by the high technology electronics sector.
- The report provides an overview of the economic background that frames policy discussions.
Medium-term fiscal prospects
- Prospects shaped by:
- The strengthening recovery.
- Planned tax cuts.
- Fiscal analysis is presented in the context of these two drivers.
Employment and labor market
- Reducing taxation of labor has been a key element of the authorities’ efforts to promote employment.
- Structural unemployment remains high.
- The labor market discussion emphasizes labor taxes, wages, and labor market policies.
Policy challenges and priorities
- Finland faces a rapidly changing global and domestic environment that calls for hard policy choices.
- The report highlights the need to balance growth-supporting measures (including tax policy) with structural reforms to address high structural unemployment.
Subject tags and keywords (as provided)
- Subjects: Employment, Expenditure, Labor, Labor markets, Labor taxes, Public debt, Taxes, Wages
- Keywords: CR, economy, Employment, euro, Global, government, government program, ISCR, Labor markets, Labor taxes, policy agenda, price level, staff assessment, structural surplus, surplus, Wages