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

January 31, 2022

Preview Citation

Format: Chicago

Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland, (USA: International Monetary Fund, 2022) accessed November 21, 2024

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

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/025
Stock No:

1FINEA2022001
ISBN:

9798400201011
ISSN:

1934-7685

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