Recent growth has been healthy, and the unemployment rate has fallen to its lowest level since 2011. However, some underlying weaknesses remain. The rate in which new jobs are created and the 'churn' of workers relocating across jobs has not picked up with the recovery, labor productivity growth...

This Selected Issues paper summarizes Nordea's operations and business model; the macroeconomic and prudential implications of the move; and policy responses taken so far. The IMF staff's assessment is that banking supervision in the euro area has improved significantly following the creation of...