{
  "title": "Finland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland",
  "publication": "IMF Staff Country Reports, December 13, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/12/13/finland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-45466",
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  "summary": "This 2017 Article IV Consultation highlights that Finland’s economic growth has picked up considerably, broadening to exports and equipment investment, and the current account is back to surplus.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- Economic growth has picked up considerably, broadening to exports and equipment investment.\n- The current account is back to surplus.\n- The economic recovery is expected to remain strong in the near term.\n- Potential growth is constrained by labor market rigidities and aging.\n- Better-than-expected fiscal outcomes in 2016 are projected to continue in 2017.\n- The public finances face long-term challenges from a declining working age population and escalating age-related spending.\n- Avoiding a procyclical fiscal stance would help rebuild buffers over the medium term."
    },
    {
      "heading": "Quantitative outlook and key statistics",
      "content": "- IMF growth projections: 2.8 percent in 2017 and 2.3 percent in 2018.\n- Pages: 72\n- Volume: 2017\n- Issue: 370\n- Series: Country Report No. 2017/370\n- DOI: https://doi.org/10.5089/9781484332498.002\n- Stock No: 1FINEA2017005\n- ISBN: 9781484332498\n- ISSN: 1934-7685"
    },
    {
      "heading": "Constraints and risks identified",
      "content": "- Labor market rigidities that constrain potential growth.\n- Aging population leading to a declining working age population and escalating age-related spending.\n- Risk of procyclical fiscal policy undermining the rebuilding of buffers."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Maintain a non-procyclical fiscal stance to rebuild fiscal buffers over the medium term.\n- Address labor market rigidities and consider reforms to mitigate constraints on potential growth.\n- Prepare for long-term fiscal pressures from demographic change and rising age-related spending.\n\nInternational Monetary Fund. \"Finland: 2017 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- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 13, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484332498.002",
    "Economic growth has picked up considerably, broadening to exports and equipment investment.",
    "The current account is back to surplus.",
    "The economic recovery is expected to remain strong in the near term.",
    "Potential growth is constrained by labor market rigidities and aging.",
    "Better-than-expected fiscal outcomes in 2016 are projected to continue in 2017.",
    "The public finances face long-term challenges from a declining working age population and escalating age-related spending.",
    "Avoiding a procyclical fiscal stance would help rebuild buffers over the medium term.",
    "IMF growth projections: 2.8 percent in 2017 and 2.3 percent in 2018.",
    "Pages: 72",
    "Volume: 2017",
    "Issue: 370",
    "Series: Country Report No. 2017/370",
    "DOI: https://doi.org/10.5089/9781484332498.002",
    "Stock No: 1FINEA2017005",
    "ISBN: 9781484332498",
    "ISSN: 1934-7685",
    "Aging population leading to a declining working age population and escalating age-related spending.",
    "Risk of procyclical fiscal policy undermining the rebuilding of buffers.",
    "Maintain a non-procyclical fiscal stance to rebuild fiscal buffers over the medium term.",
    "Address labor market rigidities and consider reforms to mitigate constraints on potential growth.",
    "Prepare for long-term fiscal pressures from demographic change and rising age-related spending.",
    "**Country Report**"
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