Finland Staff Report for the 2014 Article IV Consultation

This 2014 Article IV Consultation highlights that Finland’s strong economic record has stalled. The economy has been in recession for three of the last five years, and unemployment is now more than 8 percent, with more people without work for longer. The shortfall in growth, coming at a time when pe...

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Bibliographic Details
Corporate Author: International Monetary Fund European Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This 2014 Article IV Consultation highlights that Finland’s strong economic record has stalled. The economy has been in recession for three of the last five years, and unemployment is now more than 8 percent, with more people without work for longer. The shortfall in growth, coming at a time when peer economies saw GDP improve and unemployment fall, points to deeper structural problems. Exports suffered from the continued decline of the information and communications technology industry and falling demand for paper and pulp. The outlook is for a slow and fragile recovery, and weaker external demand could easily derail the upswing
Physical Description:51 pages
ISBN:9781498344708