Cover IMF Staff Country Reports
Finland: Staff Report for the 1999 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1999: Issue 121
Language:
English
Publication Date:
18 Oct 1999
DOI:
https://doi.org/10.5089/9781451813142.002
ISBN:
9781451813142
ISSN:
1934-7685
Pages:
44
Keywords:
ISCR; CR; government; budget proposal; surplus; public finance; staff appraisal; consumer price inflation; government program; business outlook indicator; wage agreement; Labor markets; Employment; Pension spending; Pensions; Global
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This 1999 Article IV Consultation highlights that Finland’s economy has made a strong recovery from the deep recession that began in the early 1990s. Spurred by a devaluation of the markka, growth was predominantly export driven, and the external current account shifted from a deficit of more than 5 percent in the early 1990s to a surplus of the same magnitude in 1997/98. In this setting, prudent macroeconomic policies brought public finances from a deficit of 7 percent of GDP in 1993 to a surplus in 1998.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund