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

March 11, 2024

Preview Citation

Format: Chicago

Finland: 2024 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2024) accessed November 8, 2024

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.

Subject: Employment, Inflation, International organization, Labor, Labor markets, Monetary policy, Prices, Public debt

Keywords: Employment, Europe, Exchange arrangement, Global, Inflation, Inflation pressure, Labor markets, Liability positions vis-à-vis nonresident, Money market rate, Potential GDP

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2024/072
Stock No:

1FINEA2024001
ISBN:

9798400270406
ISSN:

1934-7685

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