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Abenomics: three years – the big ship turns slowly
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
For the past three years or so, Japan has pursued an economic policy named after Prime Minister Abe as abenomics, with the intention of putting the country back on a path of sustainable economic growth via expansionary ...
The Finnish economy is returning to growth
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
The Finnish economy is returning to growth. Economic data have strengthened, and leading indicators suggest growth continuing through the forecast years. However, this growth is entirely dependent on domestic demand, and ...
Achievement of the employment objective requires faster economic growth
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
One of the key objectives of the Government Programme is to raise the employment rate to 72% by the end of the parliamentary term. This means increasing the current number of people in employment by just over 100,000 by ...
Is Finland following the same path as Japan?
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
Finland is now facing problems similar to those with which Japan has already struggled for more than a decade. The population is ageing, and slow economic growth is not generating sufficient funds to cover swelling public ...
National Accounts for the first quarter of 2016
(23.06.2016)
Bank of Finland. Bulletin 3/2016
Bank of Finland. Bulletin 3/2016
According to the most recent quarterly national accounts, real GDP in the first quarter of 2016 grew by 0.6% quarter on quarter and 1.6% year on year. The latest quarterly national accounts data signal similar economic ...
Is recovery a myth?
(12.10.2016)
Bank of Finland. Bulletin 4/2016
Bank of Finland. Bulletin 4/2016
Deep recessions have typically led to a permanent step down to a lower growth trajectory. However, since the financial crisis of 2008, the growth rate itself has also been exceptionally slow, due to weak growth in total ...
Growth overshadowed by hard-to-quantify risks
(12.10.2016)
Bank of Finland. Bulletin 4/2016
Bank of Finland. Bulletin 4/2016
Euro area monetary policy has been eased significantly in recent years. The most important of the measures applied are the expanded asset purchase programme (EAPP), targeted longer-term refinancing operations and the ...
Why is Finland trailing its peers?
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
In Finland, economic growth has been weak since the onset of the financial crisis. According to the most recent forecast by the European Commission, GDP growth in Finland is expected to remain among the slowest in the euro ...
India stands out
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
Global economic growth has been resting on the performance of the BRICS countries (Brazil, Russia, India, China and South Africa), but now these countries are facing headwinds. China's economic growth is slowing down, ...
Euro area growth dependent on domestic demand
(21.03.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
The Governing Council of the ECB decided on an expanded asset purchase programme (EAPP) in January 2015. Purchases have thus far been conducted to a total value of almost EUR 780 billion. At its monetary policy meeting in ...