Finland: Staff Report for the 2012 Article IV Consultation

August 31, 2012

Preview Citation

Format: Chicago

Finland: Staff Report for the 2012 Article IV Consultation, (USA: International Monetary Fund, 2012) accessed September 27, 2024

Summary

The paper is an account of Finland’s unexpected upcoming deceleration in the economy at the end of 2011 and later. The deleveraging of the financial sector and the debt crisis made the nation fear an inevitable recession. To sustain this vulnerable situation, due attention was given to short-term growth and long-term challenges. Banks were encouraged to build up capitals and toughen bank decrees. Plans were made to multiply labor power and productivity. At the end of the paper, the Board welcomed the commitment of the state in improving and safeguarding the financial sector.

Subject: Aging, Banking, Expenditure, Financial crises, Financial institutions, Fiscal policy, Fiscal stance, Loans, Population and demographics, Public debt

Keywords: Aging, Asia and Pacific, Baltics, Consumer confidence, CR, Current account statistics, Deficit, Europe, FIN-FSA in cooperation, Finland, Fiscal policy, Fiscal stance, Global, ISCR, Loans, Revision, Staff appraisal

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/253
Stock No:

1FINEA2012001
ISBN:

9781475506006
ISSN:

1934-7685

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