Finland's growth is likely to slow in coming years, the International Monetary Fund (IMF) said on Tuesday in an economic review of the eurozone member state. The IMF forecast growth of 2.8 percent in 2018 and 1.9 percent in 2019, compared with 2.8 percent in 2017.
It added that the country's long-term growth was likely to be lower than in the past few years, and called for labour market reforms to boost the economy. "This means more flexibility about setting wages at the firm level and changing unemployment benefits to increase job search soon after losing employment," the IMF said.
Despite three years of economic recovery, the Finnish economy has struggled to curb unemployment, which stood at 7.4 percent in September, down from 8.6 percent a year earlier.