Cover IMF Staff Country Reports
Finland: Staff Report for the 2012 Article IV Consultation
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 253
Language:
English
Publication Date:
31 Aug 2012
DOI:
https://doi.org/10.5089/9781475506006.002
ISBN:
9781475506006
ISSN:
1934-7685
Pages:
70
Keywords:
ISCR; CR; deficit; current account statistics; staff appraisal; Finland; revision; consumer confidence; fiscal policy; FIN-FSA in cooperation; Fiscal stance; Aging; Loans; Europe; Global; Baltics; Asia and Pacific
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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.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund