Forecast: Upswing more broadly based – Improved changes for balanced growth in Finland The Bank of Finland forecasts that Finland’s GDP will grow 3.1% in 2017, 2.5% in 2018 and 1.5% per annum in 2019–2020. Growth will be broadly based and amplified by exports. A more positive current account will lay a foundation for sustainable growth. Share Email Twitter Facebook Linkedin Google+
Overall positive sentiment will not resolve structural problems in public finances Population ageing will push up public expenditure at the same time as the contraction in the working-age population reins in economic growth. The sustainability will remain around 3% of GDP. Share Email Twitter Facebook Linkedin Google+
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. Share Email Twitter Facebook Linkedin Google+
The influence of age, gender and education on labour supply in Finland Education and labour market structures are important for decisions on and opportunities of employment particularly for young women and older workers. Share Email Twitter Facebook Linkedin Google+
New tools for monitoring the economy Economic decisions increasingly require the support of real-time information. Help can be derived from short-term forecasting models (nowcasting), which are suitable for processing continuously updated data and using it to form an overall picture of the current state of the economy. Share Email Twitter Facebook Linkedin Google+
Higher education a solid currency in Finland Well-educated people typically earn more than those with a lower level of education. Education also improves earnings by enhancing a person’s employment prospects. Share Email Twitter Facebook Linkedin Google+
Finland's cyclical expansion bolstered by investment and export growth Investment growth has been bolstered by e.g. the quickening of domestic demand and construction activity as well as monetary policy. There has been a substantial increase in exports, for example to Germany and China. Share Email Twitter Facebook Linkedin Google+
National Accounts for the third quarter of 2017: Economy growing across a broad front During the third quarter of 2017, Finland’s GDP increased by 3%, private consumption by 2.1% and public consumption by 1.8% year on year. Investments increased by 9.3%. Share Email Twitter Facebook Linkedin Google+