Finland: Financial Sector Assessment Program-Technical Note on Systemic Risk Analysis and Stress Testing
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Finland is a small open economy that is significantly exposed to global financial and economic conditions. Following the Global Financial Crisis (GFC), Finland entered a long recession led by the decline of its information and communications technology (ICT) sector. With the implementation of some structural reforms, Finland’s competitiveness improved, as did growth and employment, albeit at a lower rate of growth. The economy was less significantly affected by the COVID-19 pandemic relative to other economies, thanks to its low exposure to service-intensive economic sectors, fiscal policy, and other interventions. However, Finland is now navigating a weaker economic outlook given the war in Ukraine, despite limited direct exposures to Russia.
Series:
Country Report No. 2023/061
Subject:
International organization Monetary policy
Frequency:
regular
English
Publication Date:
February 1, 2023
ISBN/ISSN:
9798400231155/1934-7685
Stock No:
1FINEA2023003
Pages:
61
Please address any questions about this title to publications@imf.org