{
  "title": "Finland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland",
  "publication": "IMF Staff Country Reports, December 7, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/finland-2016-article-iv-consultation-press-release-staff-report-and-statement-by-the-44433",
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  "summary": "This 2016 Article IV Consultation highlights that the growth in Finland has turned tepidly positive again following a deep recession. GDP increased by 0.2 percent in 2015 driven by stronger private consumption and a rebound in investment.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Growth turned tepidly positive following a deep recession.\n- GDP increased by 0.2 percent in 2015 driven by stronger private consumption and a rebound in investment.\n- Net export growth was weak, but falling oil prices contributed to the nominal trade balance shifting into surplus, reducing the current account deficit.\n- Better-than-expected fiscal performance brought the deficit back under the 3 percent Stability and Growth Pact limit in 2015."
    },
    {
      "heading": "Outlook and risks",
      "content": "- The recovery is likely to continue, but growth is set to remain slow at about 0.9 percent in 2016 and 1.1 percent in 2017.\n- This outlook is subject to downside risks."
    },
    {
      "heading": "Fiscal and external position highlights",
      "content": "- Deficit position: deficit returned to below the 3 percent Stability and Growth Pact limit in 2015.\n- External sector: nominal trade balance shifted into surplus in 2015; current account deficit was reduced."
    },
    {
      "heading": "Scope and analytical focus",
      "content": "- Subject areas covered: Banking; Expenditure; Financial institutions; Financial sector policy and analysis; Fiscal policy; Labor; Labor markets; Loans; Macroprudential policy; Nonperforming loans; Public debt.\n\nFinland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland\n\n---\n\n Content in this bundle\n\n- cr16368\n  - cr16368 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16368 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 7, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475557947.002",
    "Growth turned tepidly positive following a deep recession.",
    "GDP increased by 0.2 percent in 2015 driven by stronger private consumption and a rebound in investment.",
    "Net export growth was weak, but falling oil prices contributed to the nominal trade balance shifting into surplus, reducing the current account deficit.",
    "Better-than-expected fiscal performance brought the deficit back under the 3 percent Stability and Growth Pact limit in 2015.",
    "The recovery is likely to continue, but growth is set to remain slow at about 0.9 percent in 2016 and 1.1 percent in 2017.",
    "This outlook is subject to downside risks.",
    "Deficit position: deficit returned to below the 3 percent Stability and Growth Pact limit in 2015.",
    "External sector: nominal trade balance shifted into surplus in 2015; current account deficit was reduced.",
    "Subject areas covered: Banking; Expenditure; Financial institutions; Financial sector policy and analysis; Fiscal policy; Labor; Labor markets; Loans; Macroprudential policy; Nonperforming loans; Public debt.",
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