IMF Staff Country Reports

Finland: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

Publication Date:

January 23, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economy recovered swiftly from the pandemic, but Russia’s war in Ukraine has worsened the outlook given Finland’s exposures to the fallout through trade and increase in energy prices, while high inflation and rising interest rates are weighing on household purchasing power. Long-standing structural challenges—from adverse demographics and low productivity growth—remain. Tighter financial conditions will test the resilience of Finland’s large financial system: banks are well-capitalized, but vulnerable to liquidity shocks and exposed to credit risks from other Nordics and high household debt.

Series:

Country Report No. 2023/038

Subject:

International organization Monetary policy

Frequency:

regular