Forecast: Finland returns to growth Throughout 2016–2018 the Finnish economy will grow by around 1% per annum and investment will finally begin to increase. With exports still sluggish, however, growth will depend on domestic demand. Inflation will be slow throughout the forecast period. Share Email Twitter Facebook Linkedin Google+
Low interest rates reflected in house prices House prices in the Helsinki Metropolitan Area have long been rising faster than in the rest of Finland. Developments have been influenced by regulatory controls and the low interest rates on housing loans. Share Email Twitter Facebook Linkedin Google+
Job creation in firms – does Finland lack gazelles? Among the set of new firms there are those known as ’gazelles’, firms that rapidly increase their employment. This small group of high-growth firms generates a disproportionate share of new jobs. Share Email Twitter Facebook Linkedin Google+
Is Finland following the same path as Japan? Finland is now facing problems similar to those with which Japan has already struggled for more than a decade. The population is ageing and the public finances are moving deeper into debt. Share Email Twitter Facebook Linkedin Google+
Education and age ease uncertainty of income development While the income uncertainty of Finnish households has not seen any major changes, there are big differences between age-groups and occupations. Share Email Twitter Facebook Linkedin Google+
Achievement of the employment objective requires faster economic growth Achievement of the employment objective in the Government programme will require GDP growth of 1.3 percentage points faster than estimated in the Bank of Finland’s baseline forecast. Share Email Twitter Facebook Linkedin Google+
Forecast assumptions: The global outlook has weakened slightly During the forecast years 2016–2018, growth in the advanced economies will continue at a moderate pace. Share Email Twitter Facebook Linkedin Google+
How do we know where the economy is heading today? Precise information on the current state of the economy comes only with a considerable time delay, although many economic decisions require the support of real-time data. Before official statistics are released, the situation is nowcast using short-term forecasting models. Share Email Twitter Facebook Linkedin Google+