Finland: 2007 Article IV Consultation: Staff Report; Staff Statement and Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Finland

August 6, 2007

Summary

This 2007 Article IV Consultation highlights that growth in Finland has outpaced the euro area average. Inflation is among the lowest in the European Union, and the external current account and general government budget are both comfortably in surplus. The labor market has improved markedly since 2005, with rising participation rates and comparatively strong employment growth. The unemployment rate has dipped below the euro area average, and hovers near estimates of the structural unemployment rate.

Subject: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Labor force, Labor markets

Keywords: Baltics, coalition government, CR, Employment, estimate, estimates of the competitiveness margin, exchange arrangement, Fiscal stance, Global, ISCR, Labor force, Labor markets, Northern Europe, projection, staff appraisal, staff's estimate, wage

Pages:
52
Volume:
2007
DOI:
https://doi.org/10.5089/9781451813289.002
Issue:
279
Series:
Country Report No. 2007/279
Stock No:
1FINEA2007002
ISBN:
9781451813289
ISSN:
1934-7685

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