Economic growth has passed its cyclical peak Finnish growth will continue, but at a slower pace than in recent years. There is no returning to the growth rate that preceded the financial crisis. Share Email Twitter Facebook Linkedin Google+
Now is an opportune time to strengthen fiscal buffers Rainy-day buffers ought to be strengthened during years of solid growth, so that fiscal space is available for tackling future recessions and other unwelcome surprises. Share Email Twitter Facebook Linkedin Google+
Slow productivity growth hinders export growth Weak productivity growth raises domestic production costs and hinders the competiveness of export firms as well as economic growth. Share Email Twitter Facebook Linkedin Google+
Several reasons behind weak labour productivity Weak productivity developments are being caused by structural changes in the economy, such as the decline of ICT manufacturing, and by the slowing of productivity growth within industries themselves. Share Email Twitter Facebook Linkedin Google+
Divergence of productivity growth in Finnish companies The number of low-productivity firms in Finland is large, but average productivity is being raised by a small pack of frontrunners. Even in such frontier firms, productivity growth is mostly torpid. Share Email Twitter Facebook Linkedin Google+
Sustainability of Finland’s public finances Finland’s debt-to-GDP ratio doubled after the financial crisis. This trajectory is now on the decline, but population aging will raise public expenditure, and threatens to tilt the debt ratio upwards. Share Email Twitter Facebook Linkedin Google+
Are Finns living beyond their means? Finns have consumed at levels above their incomes, accumulating more debt than new wealth. Household saving is nevertheless similar to that of the other Nordic countries. Share Email Twitter Facebook Linkedin Google+
Debt risks amplified by housing company loans The macroprudential toolkit needs to be replenished with borrower-based instruments that take into account loan applicants’ repayment ability and are able to curtail household indebtedness as a whole. Share Email Twitter Facebook Linkedin Google+
Forecast tables for 2018–2021 (December 2018) Forecast tables for the Finnish economy in 2018–2021 (December 2018). Share Email Twitter Facebook Linkedin Google+