The worst-case scenario in the corona spring did not materialise, but we will still need stamina for the long haul Healthy public finances provide an irreplaceable shield when we hit hard times. It is important to focus the fiscal policy stimulus effectively and take forward structural reforms. Finland’s labour market, too, has a vital role to play as the economy enters the recovery phase. Share Email Twitter Facebook Linkedin Google+
Forecast tables for 2020–2022 (June 2020) The Finnish economy will contract by around 7% this year and grow around 3% per annum over the next 2 years. The forecast contains a large degree of uncertainty – the contraction could be only 5% or as much as 11%, depending on how the pandemic develops. See forecast tables for the Finnish economy in 2020–2022 (June 2020). Share Email Twitter Facebook Linkedin Google+
Accessible summary: Finland’s economy will gradually recover from the sudden shutdown The corona crisis will have a deep impact on the Finnish economy. Exports are importnt to Finland, and the contraction in exports will damage the economy. With households also consuming less, businesses, and therefore employment, will suffer. Share Email Twitter Facebook Linkedin Google+
