Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland PDF Download

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Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland

Finland: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Finland PDF Author: International Monetary
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 74

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Book Description
With strong policy support, Finland suffered a relatively mild economic contraction in 2020 followed by a swift recovery in 2021. Medium-term growth prospects are less strong, due to adverse demographics and low productivity growth—trends that precede the pandemic. Public debt has increased due to pandemic-related support and will remain on a rising trajectory in the medium term, largely reflecting permanent spending increases.