Blog China fails to meet its Phase One agreement commitments China has had huge difficulties to come even close to fulfilling its import commitments, which were consider to be hard to meet even before the coronavirus crisis. Share Email Twitter Facebook Linkedin Google+
The trade war has significantly weakened the global economy According to the Bank of Finland’s model simulations, the tariff rises already introduced will serve to slow global growth by 0.7 of a percentage point. Share Email Twitter Facebook Linkedin Google+
How can we avoid a negative equilibrium of low growth and low inflation? Slower-than-target inflation and a persistent decline in inflation expectations are key challenges for monetary policy. A negative equilibrium of prolonged low inflation and zero interest rates would fundamentally weaken monetary policy’s room for manoeuvre in balancing fluctuations in the economic cycle. Share Email Twitter Facebook Linkedin Google+
Alternative scenarios linked to the global impact of US fiscal and trade policies The Bank of Finland has calculated alternative scenarios on the effects of risks to the global economy. In these scenarios, global growth weakens more abruptly than currently forecast. Share Email Twitter Facebook Linkedin Google+
Slower economic growth worldwide The summary provides a simple introduction to the assessment of developments in the global economy and monetary policy presented in the March edition of the Bank of Finland Bulletin. Share Email Twitter Facebook Linkedin Google+