Europe > Finland

You are looking at 1 - 2 of 2 items for :

  • Industries: Manufacturing x
Clear All
International Monetary Fund

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.

International Monetary Fund

Finland has undergone a fundamental structural shift from a resource-based to a knowledge-based economy. The productivity surge in the dynamic information and communications technology sector fueled a strong export-driven recovery. However, the optimism of the past year has dissipated, as the global slowdown takes its toll especially on the high-tech sector, including international market leaders such as Nokia. This paper assesses the services sector and its potential for employment creation, in particular in the area of personal services and other services with low skill requirements.