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Political changes increase uncertainty surrounding global economic outlook
(27.01.2017)
Bank of Finland. Bulletin 5/2016
Bank of Finland. Bulletin 5/2016
The global economy is envisaged to grow at a pace of well over 3% in 2017–2019, i.e. slightly faster than in 2016. World trade growth will accelerate during the forecast period, but will remain slow relative to GDP, as in ...
Russian economy and imports to contract substantially in 2015
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
The Russian economy has begun to contract due to the fall in the price of oil. GDP will contract by over 4% in 2015. The uncertainty will cause a decline in investment, and consumption will be cut particularly by rapid ...
The global outlook has weakened slightly
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
Overall, the outlook for the global economy has weakened slightly during the last six months. The difficulties of the emerging economies are dampening global prospects at the same time as growth in the advanced economies ...
Russian economy hit by COVID-19 and oil market turmoil
(15.05.2020)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Russia imposed strict lockdown measures similar to many countries, resulting in sharp reductions in demand and production. The collapse of oil prices and Russia’s commitments to cutting back its oil production cause further ...
Euro countries recovered from crisis at different paces
(27.04.2018)
Bank of Finland. Bulletin 1/2018
Bank of Finland. Bulletin 1/2018
Following the steep contraction caused by the financial crisis, there have been substantial differences in economic performance across the different countries in the euro area. Some countries experienced a double recession ...
India climbs the welfare ladder
(23.01.2019)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
India’s on a roll. Agreed, there are the usual complaints from its detractors about rampant corruption, slow progress in structural reforms, red tape and a lack of fiscal discipline, but it’s hard to argue with India’s ...
Bank of Finland staff forecasts: an evaluation
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Monetary policy decisions are based on assessment of the current and future state of the economy. In order to obtain forecasts, central banks build models, which are simplified representations of the complex interactions ...
Ukraine has suffered most in many ways
(24.02.2023)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
Ukraine has suffered most from Russia’s illegal war of aggression launched a year ago. Nobody knows the exact numbers of dead or wounded Ukrainians, but they certainly number in the tens of thousands. The World Bank put ...