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Falling oil prices translate into an income transfer from producers to consumers
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
The fall in the oil price is broadly reflected across the current situation in the global economy and the outlook for the future. According to most assessments, the oil price drop is for the most part a positive supply ...
Forecast risks
(18.05.2015)
Bank of Finland. Bulletin 1/2015
Bank of Finland. Bulletin 1/2015
There is increased uncertainty surrounding the growth and inflation forecasts, yet this time upside risks are also present. On one hand, low oil prices and long-term interest rates could boost global economic growth more ...
Corona crisis has increased the risk of stagnation in the euro area
(09.11.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
Stagnation is a period of slow economic growth often characterised by low interest rates and low inflation. It is most commonly associated with the development of the Japanese economy since the early 1990s. In the euro ...
Don’t blame the mirror if your face is faulty – assessing the symmetry of the ECB's monetary policy responses
(16.08.2021)
Bank of Finland Bulletin. Blog
Bank of Finland Bulletin. Blog
The symmetry of the guideline for the monetary policy stance has recently attracted considerable attention in central banks’ communications. Both the Fed and the ECB have, in their recent strategy reviews, laid out that ...
Bank of Finland forecast: Slowing growth in the shadow of global uncertainties
(03.07.2019)
Bank of Finland. Bulletin 3/2019
Bank of Finland. Bulletin 3/2019
Finland’s economic growth will slow in the forecast period to close to its potential rate. GDP will grow 1.6% in 2019 and 1.5% in 2020. Thereafter, the pace of growth will ease to 1.3% in 2021.
Growth continues, outlook more moderate
(18.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The outlook for global economic growth has moderated from the spring. Growth in international trade has decelerated. Confidence in the economic outlook remains fairly strong, but trade tensions, in particular, are a downside ...
Editorial : Monetary policy normalisation to proceed carefully and with measured pace
(03.10.2018)
Bank of Finland. Bulletin 4/2018
Bank of Finland. Bulletin 4/2018
The euro area's growth rate is set to moderate to approximately 2%. A reduction in unemployment has created suitable conditions for accelerated wage growth and a return in the path of inflation to the policy objective of ...
Editorial : Monetary policy is supporting economic recovery — but the outlook for employment remains weak
(17.09.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
The lockdown measures introduced to contain the global health crisis posed by the coronavirus pandemic led to a sharp contraction in economic activity during the second quarter of 2020. The world economy has already entered ...
A fragile recovery from the pandemic crisis has begun
(09.11.2020)
Bank of Finland. Bulletin 5/2020
Bank of Finland. Bulletin 5/2020
The global economic crisis caused by the coronavirus pandemic intensified in March 2020. The health crisis and the lockdown measures necessary to contain the epidemic led to an exceptionally sudden and sharp decline in ...
Interim forecast for the Finnish economy, September 2021 : Economy recovering apace
(30.09.2021)
Bank of Finland Bulletin. Analysis
Bank of Finland Bulletin. Analysis
The Finnish economy strengthened faster than expected in the course of spring and summer 2021. For the year as a whole, the interim forecast of September 2021 projects stronger economic growth than the June forecast. The ...