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Bank of Finland Bulletin : Bank of Finland articles on the economy 3/2022
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
Energy will dominate euro area’s economic outlook for a long time yet
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
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 ...
Editorial : Monetary policy tightening to bring inflation down to target – Managing energy crisis takes key role
(29.09.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
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 ...
Accessible summary : Energy crisis pushing up general price level – Adverse impact on economic growth still to come
(29.09.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
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 ...
Rising import prices are hitting the real economy
(28.10.2022)
Bank of Finland. Bulletin 3/2022
Bank of Finland. Bulletin 3/2022
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 ...
Oil markets seeking a new balance
(12.10.2016)
Bank of Finland. Bulletin 4/2016
Bank of Finland. Bulletin 4/2016
The oil market drifted into an imbalance in 2014 as supply grew and demand was subdued. Oil prices have subsequently dropped, from around USD 110 per barrel to the current level of just under USD 50 per barrel. According ...
Alternative scenario : Russia’s war in Ukraine could lead to a recession in Finland
(21.06.2022)
Bank of Finland. Bulletin 2/2022
Bank of Finland. Bulletin 2/2022
This alternative scenario examines what impact Russia’s war in Ukraine could have on the Finnish economy in the worst case. The scenario describes a situation where an escalation of the war causes the global economy to ...
From crisis to crisis : companies are once again facing a challenging operating environment
(13.05.2022)
Bank of Finland. Bulletin 1/2022
Bank of Finland. Bulletin 1/2022
Russia's invasion of Ukraine in February 2022 has rapidly increased uncertainty related to the economic outlook and financing conditions. The war affects domestic companies’ operating environment in several ways. The total ...
Editorial : Conditions for sustainable economic growth must be ensured
(15.12.2022)
Bank of Finland. Bulletin 4/2022
Bank of Finland. Bulletin 4/2022
The downside is that Finland’s general government debt ratio has grown significantly. The Bank of Finland estimates that the country’s public debt this year amounts to about 72% of gross domestic product (GDP), and that ...
Forecast for the Finnish economy : Finnish economy set to slide into recession
(25.01.2023)
Bank of Finland. Bulletin 4/2022
Bank of Finland. Bulletin 4/2022
Growth in the Finnish economy for the full year 2022 will amount to 1.9%, following strong activity in the early part of the year. The high level of inflation has, however, eroded households’ purchasing power, and consumer ...