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Finland: 2024 Article IV Consultation-Press Release; and Staff Report

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  • International Monetary Fund

Abstract

Recent developments and outlook. Weak household income growth, falling house prices, higher interest rates, and stagnation in Europe has caused activity to stall in Finland, with a contraction of 0.5 percent estimated in 2023. Labor markets have shown resilience, but unemployment is expected to increase somewhat in coming months, especially from the construction sector. However, inflation has fallen to more normal levels and financial conditions appear to be easing, paving the way for a modest recovery this year, strengthening further in 2025.

Suggested Citation

  • International Monetary Fund, 2024. "Finland: 2024 Article IV Consultation-Press Release; and Staff Report," IMF Staff Country Reports 2024/072, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/072
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