Latest articles and blogs
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Trade war escalation poses significant risk for Finnish economy
A trade war escalation would significantly weaken Finland’s exports and economic growth. By contrast, an easing of trade policy tensions would cause Finland’s exports and economic growth to pick up.
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Labour market flows run deeper: Participation has raised both employment and unemployment
Inflows into the labour force have been higher than outflows in recent years. This has led especially to a rise in employment, but in recent years also a simultaneously high unemployment rate.
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Import tariffs and trade policy uncertainty will dampen economic growth
The United States is planning widespread tariffs on imported goods. If implemented, these would weaken Finland’s economic growth. Even greater harm to growth would be brought by any countermeasures adopted by other countries and they mounting uncertainty over the future direction of international trade policy.
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Do wages contribute to flexibility and competitiveness in a monetary union?
The method by which agreement is reached on wages in the Member States participating in EMU has a particular significance for employment and growth. Optimal wage formation defines the development of competitiveness.
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A new method to measure structural unemployment via labour market flows
According to a new structural unemployment indicator based on labour market flows developed by the Bank of Finland, unemployment in Finland is currently close to its structural level.