Haku

The Finnish economy entered a phase of cyclical recovery in mid-2015. After several years of contraction and zero growth, Finnish GDP grew by 1.9% in 2016. Growth has continued to accelerate during the course of 2017. The ...

Finland's recent brisk economic growth is largely a consequence of the upswing in the global economy. The external environment has always played a decisive role in shaping Finland’s GDP and, in particular, export growth. ...

In developed economies, the recovery from the financial crisis has been exceptionally arduous and productivity development in particular has been very subdued. Speculation has abounded as to whether economic growth will ...

The expanded asset purchase programme (EAPP) has had a significant positive impact on macroeconomic developments in Finland. The ECB’s decisions of December 2015 and March 2016 are forecast to boost Finland’s GDP by ...

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 ...

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 ...

Russia’s war in Ukraine is, above all, a massive human tragedy and an assault on Ukraine’s economy and society. But Russia, too, will end up paying a high price for its cruel decision to wage war. The war’s price tag for ...

We live in unprecedented times, as many things that seemed impossible six weeks ago have become reality. The acute crisis is first and foremost humanitarian. Russia’s brutal war on Ukraine is bringing unimaginable destruction ...

Economic growth in Finland has been slow for a prolonged period, both historically and by international comparison. In recent years, growth has been depressed not only by the weak international economy, but also by sectoral ...

Weaker-than-expected developments in the global economy would erode Finland’s export-driven growth. On the other hand, a more prolonged period of low commodity prices and the positive effects of accommodative monetary ...