Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
January 15, 2019
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Recent growth has been healthy, and the unemployment rate has fallen to its lowest level since 2011. However, some underlying weaknesses remain. The rate in which new jobs are created and the “churn” of workers relocating across jobs has not picked up with the recovery, labor productivity growth remains weak, and the outlook for potential growth is constrained by a shrinking workforce. Household debt has been increasing as the economy has recovered, and some borrowers appear vulnerable to interest rate increases.
Subject: Financial institutions, Housing, Income, Labor, Labor markets, Loans, National accounts
Keywords: consumer confidence, CR, damage confidence, demand, employment growth, Europe, financial system, Global, holding, household debt, Housing, Income, ISCR, Labor markets, liability positions vis-a-vis nonresident, Loans, market, potential GDP, public finance, rate, weight floor
Pages:
63
Volume:
2019
DOI:
Issue:
007
Series:
Country Report No. 2019/007
Stock No:
1FINEA2019001
ISBN:
9781484393482
ISSN:
1934-7685
