Forecast: The economy will recover from the pandemic, but even after recovery, growth will be slow The economic downturn in 2020 will be smaller in Finland than in the rest of the euro area, but this winter will still be difficult. Private consumption will cause an upturn in growth in 2021, but long-term growth prospects are sluggish. Share Email Twitter Facebook Linkedin Google+
The depths of the COVID-19 crisis, and the recovery In the Bank of Finland forecast, the COVID-19 crisis is not expected to cause such a deep recession as experienced in the financial crisis, and recovery will be faster. The virus could, however, leave long-term scars on e.g. employment, the capital stock and productivity. Share Email Twitter Facebook Linkedin Google+
Attention should already be turned to the post-crisis years Debt will not be halted even when the economy begins to grow again. Moreover, the sustainability gap is now larger. A post-crisis change of direction in the public finances is required. Share Email Twitter Facebook Linkedin Google+
