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OECD Economic Surveys: Finland 2006

image of OECD Economic Surveys: Finland 2006

This 2006 edition of OECD's periodic survey of the Finnish economy opens with a general assessment of recent economic performance and key economic challenges.  Among the challenges it addresses in more detail in succeeding chapters are ensuring fiscal sustainability in the face of imminent ageing, restricting early retirment to make the pension reform a success, increasing flexibility in centralised wage agreements, and using active and passive labour market measures to meet the employment target. This issue's special feature discusses reducing risks and improving policies in the housing market.

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Recent Performance and Key Challenges

After assessing Finland’s recent performance, this chapter discusses the key challenges of ensuring the sustainability of the public finances, of raising the employment rate and of enhancing growth potential. In addition, the challenges facing policy in respect of housing, the subject of the in-depth chapter, are considered from the perspective of macroeconomic stability and whether the current generous level of public support should be reduced and better targeted.

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