FINLAND

摘要

The economy is recovering slowly on the back of strengthening domestic demand. However, exports remain weak, the recent pick-up in private consumption was partly due to temporary factors and uncertainty, both domestic and global, is high. Hence, output growth is projected to remain sluggish and unemployment, which is currently stabilising, to stay high. The euro area monetary policy stance is supporting the recovery, but fiscal consolidation exerts a drag. The government has embarked on an ambitious structural reform programme to enhance competitiveness, labour market flexibility and fiscal sustainability. However, it is facing resistance, which risks delaying growth-enhancing reforms. The uncertainty regarding policy may weigh on the recovery.