Finland: 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland
This 2015 Article IV Consultation highlights that Finland's exports have suffered owing to the declines of Nokia and the paper industry, compounded by weak external demand, especially from the euro area and Russia. The current account and fiscal balances have deteriorated, with the 2014 fiscal...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2015
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Schriftenreihe: | IMF Staff Country Reports: Country Report No. 15 / 311
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Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This 2015 Article IV Consultation highlights that Finland's exports have suffered owing to the declines of Nokia and the paper industry, compounded by weak external demand, especially from the euro area and Russia. The current account and fiscal balances have deteriorated, with the 2014 fiscal deficit breaching the Stability and Growth Pact's 3 percent of GDP criterion. A modest recovery is projected to begin in 2015 and gradually strengthen in 2016. However, in absence of further reforms, growth is likely to remain much lower than pre-crisis. Weaker-than-expected growth in key trade partners would be a drag on exports, and spillovers from an external financial shock would create tighter financial conditions, with negative effects on output |
Beschreibung: | 1 Online-Ressource (51 p) |
ISBN: | 1513500678 9781513500676 |
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index_date | 2024-07-03T20:13:37Z |
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series2 | IMF Staff Country Reports: Country Report No. 15 / 311 |
spelling | International Monetary Fund. European Dept Verfasser aut Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland International Monetary Fund. European Dept Washington, D.C International Monetary Fund 2015 1 Online-Ressource (51 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Country Reports: Country Report No. 15 / 311 This 2015 Article IV Consultation highlights that Finland's exports have suffered owing to the declines of Nokia and the paper industry, compounded by weak external demand, especially from the euro area and Russia. The current account and fiscal balances have deteriorated, with the 2014 fiscal deficit breaching the Stability and Growth Pact's 3 percent of GDP criterion. A modest recovery is projected to begin in 2015 and gradually strengthen in 2016. However, in absence of further reforms, growth is likely to remain much lower than pre-crisis. Weaker-than-expected growth in key trade partners would be a drag on exports, and spillovers from an external financial shock would create tighter financial conditions, with negative effects on output Online-Ausg International Monetary Fund. European Dept Sonstige oth http://www.elibrary.imf.org/view/IMF002/22936-9781513500676/22936-9781513500676/22936-9781513500676.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
title | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
title_auth | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
title_exact_search | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
title_exact_search_txtP | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
title_full | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland International Monetary Fund. European Dept |
title_fullStr | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland International Monetary Fund. European Dept |
title_full_unstemmed | Finland 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland International Monetary Fund. European Dept |
title_short | Finland |
title_sort | finland 2015 article iv consultation press release staff report informational annex and statement by the executive director for finland |
title_sub | 2015 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Finland |
url | http://www.elibrary.imf.org/view/IMF002/22936-9781513500676/22936-9781513500676/22936-9781513500676.xml |
work_keys_str_mv | AT internationalmonetaryfundeuropeandept finland2015articleivconsultationpressreleasestaffreportinformationalannexandstatementbytheexecutivedirectorforfinland |