IMF Staff Country Reports

Finland: 2024 Article IV Consultation-Press Release; and Staff Report

Publication Date:

March 11, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Recent developments and outlook. Weak household income growth, falling house prices, higher interest rates, and stagnation in Europe has caused activity to stall in Finland, with a contraction of 0.5 percent estimated in 2023. Labor markets have shown resilience, but unemployment is expected to increase somewhat in coming months, especially from the construction sector. However, inflation has fallen to more normal levels and financial conditions appear to be easing, paving the way for a modest recovery this year, strengthening further in 2025.

Series:

Country Report No. 2024/072

Subject:

Employment Inflation International organization Labor Labor markets Monetary policy Prices Public debt

Frequency:

regular