Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
IMF Staff Country Reports, January 15, 2019
Source details
- Canonical URL
- Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
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Bibliographic details
- Published: January 15, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484393482.002
Key findings
- Recent growth has been healthy.
- The unemployment rate has fallen to its lowest level since 2011.
- Underlying weaknesses:
- 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.
- The outlook for potential growth is constrained by a shrinking workforce.
- Financial vulnerabilities:
- Household debt has been increasing as the economy has recovered.
- Some borrowers appear vulnerable to interest rate increases.
Analytical themes
- Labor market dynamics
- Employment has improved, but job reallocation and worker mobility remain subdued.
- Structural factors limiting labor productivity growth are highlighted.
- Potential growth constraints
- Demographic trends leading to a shrinking workforce are a drag on potential GDP growth.
- Financial stability and household balance sheets
- Rising household debt amid recovery raises concerns about borrower vulnerability to rate rises.
Publication and document specifics
- Title: Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
- Date: January 15, 2019
- Pages: 63
- Volume: 2019
- Issue: 007
- Series: Country Report No. 2019/007
- DOI: https://doi.org/10.5089/9781484393482.002
- Stock No: 1FINEA2019001
- ISBN: 9781484393482
- ISSN: 1934-7685
Subjects and keywords
- 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
IMF Staff Country Reports — Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland (January 15, 2019).
Content in this bundle
- Country Report