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Table of contents; Basic statistics of Finland (2010); Executive Summary; Assessment and recommendations; Finland is being hit by the renewed global economic slowdown; Figure 1. Recent macroeconomic developments; Box 1. A reinforced architecture for Economic and Monetary Union; The economy is losing...

The financial sector is solid, but should continue strengthening its liquidity position to enhance ability to absorb shocksThe property market is stabilising; Figure 5. Housing prices and residential investment; Fiscal policy has been prudent but long-term fiscal challenges remain; Figure 6. General...

Box 3. Recommendations on labour market policies, labour supply and fiscal policyRestarting the growth engine is becoming urgent with the drastic drop in productivity; Figure 7. Labour productivity and growth; Reforms to higher education could improve quality and leverage public R&D spending; Busine...

Figure 9. Product market regulations and price levelsProductivity in the inefficient retail sector can be raised by more competition and less regulation; Figure 10. The retail sector; Table 3. Staffing and funding of Nordic competition authorities, 2010; Broader public sector reform can improve fisc...

The decentralised structure of the Finnish health care system contributes to inefficienciesResources should be shifted from secondary to less costly primary care to enhance efficiency; Figure 12. Doctor consultations and hospital discharges; More user choice could increase efficiency and innovation;...

Finland's strong productivity performance started to weaken before the recession