Economic growth in Finland has been slow for a prolonged period, both historically and by international comparison. In the forecast years 2015–2017, the economy will start to grow sluggishly as the export markets revive. The Finnish version of the Bank of Finland's forecast was published on 10 Jun 2015.
Consolidation measures strengthen public finances
Households increasingly dependent on public transfers
The longer working careers and higher earnings of those now retiring have caused a rising trend in earnings-related pensions. As this has been accompanied by a strong increase in unemployment expenditure and slow growth in aggregate income, a growing number of households now depend on current transfers.