Forecast: Difficulties in emerging economies weigh on global growth The shift in China’s model of growth and fall in the price of oil will weigh on the global economy. The Bank of Finland forecasts growth of around 3%. Share Email Twitter Facebook Linkedin Google+
Why is Finland trailing its peers? Before the current recession, Finland was closing the gap on Europe’s wealthiest small economies but is now falling ever further behind. Share Email Twitter Facebook Linkedin Google+
Euro area banking sector gathers strength Increasing market uncertainty over the condition of banks in early 2016 was not due solely to concerns about global economic growth but also above all reflected concerns about banks’ non-performing loans and declining profitability amid low interest rates and subdued growth. Share Email Twitter Facebook Linkedin Google+
Why has world trade slowed? In recent years, the growth of international trade has slowed to the level of the GDP growth rate. Is the most hectic phase of globalisation already history? Share Email Twitter Facebook Linkedin Google+
Rising indebtedness increases risks in China In many countries, a rapid rise in debt has led to financial sector problems and a pronounced slowdown in economic growth. In China, too, sustainable management of the public finances would require a slowdown in the pace of debt accumulation. Share Email Twitter Facebook Linkedin Google+
Abenomics: three years – the big ship turns slowly Japan’s economy has so far been growing sluggishly, but the deflationary trend has been successfully cut and structural reforms taken forward. Share Email Twitter Facebook Linkedin Google+
Russia’s economy and imports to contract further The Bank of Finland forecasts a 3% contraction in Russian GDP in 2016. This is due to the export price shocks Russia has had to face. Share Email Twitter Facebook Linkedin Google+
Are Chinese GDP statistics reliable? The cover and transparency of China’s GDP statistics need to be improved. According to the statistics, the deceleration in growth has been very evenly spread, which has increased suspicions over the reliability of the data. Share Email Twitter Facebook Linkedin Google+
India stands out The BRICS countries, which have been supporting global growth, are now facing headwinds. Within the group, only the outlook for India's economy remains positive. Share Email Twitter Facebook Linkedin Google+