IMF Staff Country Reports

Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

January 31, 2022

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Format: Chicago

International Monetary Fund. European Dept. "Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland", IMF Staff Country Reports 2022, 025 (2022), accessed 11/11/2025, https://doi.org/10.5089/9798400201011.002

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Summary

With strong policy support, Finland suffered a relatively mild economic contraction in 2020 followed by a swift recovery in 2021. Medium-term growth prospects are less strong, due to adverse demographics and low productivity growth—trends that precede the pandemic. Public debt has increased due to pandemic-related support and will remain on a rising trajectory in the medium term, largely reflecting permanent spending increases.

Subject: COVID-19, Employment, Financial institutions, Health, International organization, Labor, Labor markets, Loans, Monetary policy, Public debt

Keywords: COVID-19, currency of Finland, Employment, exchange arrangement, Global, Labor markets, liability positions vis-à-vis nonresident, Loans, money market rate, potential GDP, transparency policy