Assessment and Recommendations
I. Macroeconomic Conditions
-Commendable overall performance, but unemployment remains still very high
-The electronic equipment industry: growth engine of the finnish economy
-Economic developments in 1999 and early 2000
-Easy monetary conditions
-Fiscal policy: are the medium-term objectives ambitious enough?
-Short-term outlook
II. Structural Reforms Could Boost Performance Further
-Labour market performance can be improved by lowering taxes
-Further product market reform would boost productivity and enhance consumer choice
-The financial sector has adapted quickly to new technologies
-Public sector efficiency could be improved by increased outsourcing
-Sustainable development
-Scope for further action
III. How Will Ageing Affect Finland?
-The problems facing Finland
-Support for the elderly and incentives for early retirement
-Care for the elderly
-Ageing will substantially increase the fiscal burden
-Options for reform
Annex: Calendar of Main Economic Events