Monetary policy is supporting economic recovery — but the outlook for employment remains weak Monetary accommodation has opened up space for other economic policies in the euro area, which needs to be put to good use by pursuing economic reforms. Productivity and employment growth ultimately rest on our ability to reform. Share Email Twitter Facebook Linkedin Google+
Education pays, but the growth of educational attainment in Finland is stagnating Educational attainment among the Finnish working-age population is still high by international standards. Share Email Twitter Facebook Linkedin Google+
Cost-competitiveness remains at a better level than before Finland’s cost-competitiveness has improved in recent years. From the perspective of employment there would still be room for further improvement. Share Email Twitter Facebook Linkedin Google+
Slowing growth in the shadow of global uncertainties Finland’s economic growth will be slower during the next three years. Growth has also slowed in the euro area and elsewhere around the world. However, there are still possibilities for growth in the Finnish economy. Share Email Twitter Facebook Linkedin Google+
Improvements in employment held back by population ageing Even if the employment rate were to remain unchanged, the number of employed would decline by 15,000 over the years 2019–2021. Share Email Twitter Facebook Linkedin Google+
Public finances need more room for manoeuvre Active measures to strengthen the public finances should be taken when the economy is in good heart. Share Email Twitter Facebook Linkedin Google+
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+
Expansionary economic policy boosts growth The favourable outlook for the global economy is overshadowed by the threat of protectionism. In the euro area growth has picked up. Some of this acceleration is on a sustainable basis, but long-term growth is likely to remain slower than pre-crisis growth. Share Email Twitter Facebook Linkedin Google+