Haku

Finland’s economic growth is broadly based, exports are fuelling growth and at the same time domestic demand continues to be strong. According to the Bank of Finland forecast, Finland’s GDP will grow 3.1% in 2017 and 2.5% ...

The current news on the Finnish economy is positive, and the outlook has improved. Economic growth has continued and is now more broadly based than before. Exports and corporate investment are both growing, in addition to ...

The euro area has been drawn into an energy crisis that could have a long-term impact on the area’s economy. The escalating price of energy is increasing euro area import prices, weakening the current account and further ...

Russia’s war in Ukraine is stifling the economy’s promising recovery following two years of the COVID-19 pandemic. The war has not only shaken the foundations of Europe’s security order but has also considerably weakened ...

Energy prices have risen substantially within the euro area. Natural gas and electricity, in particular, have become more expensive as a consequence of Russia’s war in Ukraine. The effects of the energy crisis on the economy ...

The euro area is a net energy importer. In 2020 slightly over 60% of the euro area’s gross available energy was imported from elsewhere. Soaring energy prices have pushed up import prices for euro area countries. This ...

The international economy is recovering from the COVID-19 crisis. Recovery is underpinned by the rising vaccination coverage and accommodative monetary policies. The steep contraction in the international economy last year ...

Economic recovery in the euro area and Finland is continuing, although the most rapid phase of growth is beginning to fade. Finland has come through the COVID-19 pandemic better than initially feared, thanks largely to the ...

Monetary policy in the euro area has been highly accommodative in recent years. The accommodative stance has also been reflected in banks’ lending rates. The transmission of monetary policy has become more effective, ...