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Finland (Republic of) Dec 11 Product Image

Finland (Republic of) Dec 11

  • Published: December 2011
  • Region: Finland
  • Standard & Poors

Abstract
Long-standing record of strong public finances. Consensus-based politics and strong institutions. Competitive, innovative, and export-oriented economy. Worsening demographic trend. Cyclical nature of the economy. Limited monetary flexibility being a part of the European Economic and Monetary Union (EMU or eurozone) The ratings on the Republic of Finland reflect our view of the country's competitive economy and the government's prudent fiscal policy record, which have supported high levels of prosperity and a strong public sector balance sheet. Despite these strengths, Finland has a highly cyclical and open economy, making it vulnerable, we believe, to weakening external conditions. Further, being part of a monetary union, it has limited monetary flexibility restricting its available policy tools. Finland also faces a worsening demographic trend,...

Companies mentioned in this report are:
- Finland (Republic of)

Action: Review

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- Finland (Republic of)

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