Continued accommodative monetary policy supports the return of the inflation rate towards the price stability objective

Education and labour market structures are important for decisions on and opportunities of employment particularly for young women and older workers.

Economic decisions increasingly require the support of real-time information. Help can be derived from short-term forecasting models (nowcasting), which are suitable for processing continuously updated data and using it to form an overall picture of the current state of the economy.

Well-educated people typically earn more than those with a lower level of education. Education also improves earnings by enhancing a person’s employment prospects.

International factors have a major impact on the outlook for the Finnish economy.

Investment growth has been bolstered by e.g. the quickening of domestic demand and construction activity as well as monetary policy. There has been a substantial increase in exports, for example to Germany and China.

The global economy and world trade continue to grow strongly. In many countries, an expansionary economic policy is supporting growth.

During the third quarter of 2017, Finland’s GDP increased by 3%, private consumption by 2.1% and public consumption by 1.8% year on year. Investments increased by 9.3%.

Forecast tables for the Finnish economy in 2017–2020.