Finland’s long-term growth prospects moderate The economy has recovered from the recession following the financial crisis, but growth is expected to remain below its pre-crisis level, averaging 1.5% per annum over 2026–2040. Share Email Twitter Facebook Linkedin Google+
A new method to measure structural unemployment via labour market flows According to a new structural unemployment indicator based on labour market flows developed by the Bank of Finland, unemployment in Finland is currently close to its structural level. Share Email Twitter Facebook Linkedin Google+
Estimation of structural unemployment important, but complicated In both the United States and the euro area, economic growth has picked up and the labour market has strengthened without the build-up of significant wage and price pressures. This raises the question as to how far the economy can still be from its potential output. Share Email Twitter Facebook Linkedin Google+
Long-term growth from a productivity and employment perspective Global trends in international trade and technological advances will shape output and employment structures. Accelerating automation raises concerns over a long-term reduction in work, falling wages and increasing inequality. Share Email Twitter Facebook Linkedin Google+
Demographic change reduces labour force and number of employed Finland’s demographic structure and the age structure of the labour force are changing as the baby-boomers retire. Weak employment among the young has been compensated by a higher employment rate among older cohorts. Share Email Twitter Facebook Linkedin Google+
