Slowing growth in the shadow of global uncertainties

Short-lived volatility in consumer prices make it harder to monitor price pressures within the economy. Measures of core inflation describe price developments that are not driven by temporary factors.

If economic growth in the immediate years ahead does not exceed around 1.5%, achievement of the 75% employment target is unlikely.

Economist robot currently forecasts a marked slowdown in growth. The forecast has weakened substantially during the spring with the release of new statistical data.

Abundant construction in the Helsinki metropolitan area has put a brake on apartment prices.

The pace of labour productivity growth in Finland has faded. This is attributable to lacklustre productivity development in manufacturing as well as the increasing dominance of services in the economy.

Finland’s cost-competitiveness has improved in recent years. From the perspective of employment there would still be room for further improvement.

Read our accessible assessment of the Finnish economy for the years 2019–2021.

The method by which agreement is reached on wages in the Member States participating in EMU has a particular significance for employment and growth. Optimal wage formation defines the development of competitiveness.

See forecast tables for the Finnish economy in 2019–2021.