Finland: Staff Report for the 2012 Article IV Consultation
August 31, 2012
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The paper is an account of Finland’s unexpected upcoming deceleration in the economy at the end of 2011 and later. The deleveraging of the financial sector and the debt crisis made the nation fear an inevitable recession. To sustain this vulnerable situation, due attention was given to short-term growth and long-term challenges. Banks were encouraged to build up capitals and toughen bank decrees. Plans were made to multiply labor power and productivity. At the end of the paper, the Board welcomed the commitment of the state in improving and safeguarding the financial sector.
Subject: Aging, Banking, Expenditure, Financial crises, Financial institutions, Fiscal policy, Fiscal stance, Loans, Population and demographics, Public debt
Keywords: Aging, Asia and Pacific, Baltics, consumer confidence, CR, current account statistics, deficit, Europe, FIN-FSA in cooperation, Finland, fiscal policy, Fiscal stance, Global, ISCR, Loans, revision, staff appraisal
Pages:
70
Volume:
2012
DOI:
Issue:
253
Series:
Country Report No. 2012/253
Stock No:
1FINEA2012001
ISBN:
9781475506006
ISSN:
1934-7685
