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Finland: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2019: Issue 007
Language:
English
Publication Date:
15 Jan 2019
DOI:
https://doi.org/10.5089/9781484393482.002
ISBN:
9781484393482
ISSN:
1934-7685
Pages:
63
Keywords:
ISCR; CR; holding; demand; rate; market; public finance; liability positions vis-a-vis nonresident; potential GDP; household debt; employment growth; weight floor; consumer confidence; financial system; damage confidence; Labor markets; Housing; Loans; Income; Global; Europe
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Recent growth has been healthy, and the unemployment rate has fallen to its lowest level since 2011. However, some underlying weaknesses remain. The rate in which new jobs are created and the “churn” of workers relocating across jobs has not picked up with the recovery, labor productivity growth remains weak, and the outlook for potential growth is constrained by a shrinking workforce. Household debt has been increasing as the economy has recovered, and some borrowers appear vulnerable to interest rate increases.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund