Since the global financial crisis, investment has grown more slowly in the euro area than in the United States or the United Kingdom. There is no lack of savings in the euro area, but there are not enough attractive investment opportunities.
Import tariffs imposed by the United States would weaken growth everywhere and it seems there would be no economic winners. A trade war could even lead to businesses postponing investments and growth in the economy slowing down significantly.
The Finnish economy is recovering from a recession. Growth in the economy will nevertheless be modest in the near term and is being restrained by the low level of investment, in particular.
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