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Are weakly profitable firms suppressing economic growth?
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Unprofitable ‘zombie’ firms have been on the rise in Finland, both proportionately and in absolute terms, since the beginning of the 2000s. At most, they have accounted for approximately 10% of all labour and capital ...
Public finances carried households and businesses through the COVID-19 crisis
(24.06.2021)
Bank of Finland. Bulletin 3/2021
Bank of Finland. Bulletin 3/2021
A large number of firms fell into distress due to the COVID-19 pandemic and many households have been significantly affected by furloughs and lay-offs. However, the non-financial corporations sector improved its overall ...
Bank of Finland Bulletin: Bank of Finland articles on the economy 2/2020
(20.05.2020)
Bank of Finland. Bulletin 2/2020
Bank of Finland. Bulletin 2/2020
Companies respond to the corona crisis by adjusting labour costs
(29.06.2020)
Bank of Finland. Bulletin 3/2020
Bank of Finland. Bulletin 3/2020
The corona pandemic and the related lockdown measures have led to a strong contraction in business turnover and weakening of profitability, particularly in the service industries. If the profitability crisis persists, it ...
Profitable firms generate employment and pay higher wages
(29.06.2017)
Bank of Finland. Bulletin 3/2017
Bank of Finland. Bulletin 3/2017
An economy does not export products or create jobs – firms do. These are, however, very heterogeneous and often far from the average. Only the few 'superstars' of high productivity and profitability stand out distinctively ...