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Bank of Finland forecast : Finland's economy booming
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Finland's economic growth will continue and remain broadly based. Strong global demand, improved cost-competitiveness, growth in household income and favourable financing conditions will all support growth over the forecast ...
Bank of Finland staff forecasts: an evaluation
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Monetary policy decisions are based on assessment of the current and future state of the economy. In order to obtain forecasts, central banks build models, which are simplified representations of the complex interactions ...
The output gap has closed; Finland's economy at cyclical peak
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Potential output is defined as the volume of GDP where all of the economy’s factors of production are fully and efficiently utilised. Estimates show that Finland's output gap remained negative for nine consecutive years ...
First quarter of 2018 sees a surge in investments
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
According to the most recent quarterly national accounts, Finland’s GDP in the first quarter of 2018 grew 1.2% quarter-on-quarter and 3.1% year-on-year. The data signal similar economic developments for early 2018 to those ...
Inflation now explained by different factors than during the recession
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
The GDP deflator reflects the cost-competitiveness of Finnish production better than consumer prices do. Changes in the GDP deflator describe the change in prices of goods and services produced in Finland regardless of ...
Alternative scenario : Clouds over the global economy
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Finland is a small open economy, and uncertainties in the global economy are also strongly reflected in Finland. The calculations presented here illustrate uncertainties relating to export and GDP forecasts by means of fan ...
How can we measure the economy in the digital era?
(29.06.2017)
Bank of Finland. Bulletin 3/2017
Bank of Finland. Bulletin 3/2017
The impact of digitalisation is not fully reflected in economic statistics. Even though the commonly used economic metrics such as GDP are still relevant in assessing the state of the economy, the production of statistics ...
What if growth in exports and productivity were actually higher?
(29.06.2017)
Bank of Finland. Bulletin 3/2017
Bank of Finland. Bulletin 3/2017
Finland's export performance has been weak in the 2010s and has lagged behind growth in the export markets. Structural change in manufacturing, subdued demand for capital goods and intermediate goods in the global economy ...
Forecast tables for 2023–2025 (June 2023)
(20.06.2023)
Bank of Finland. Bulletin 2/2023
Bank of Finland. Bulletin 2/2023
The Finnish economy will contract by 0.4% in 2023. Inflation is on its way down this year. Economic growth will pick up in 2024, albeit to a modest 0.9%. In 2025, growth in the economy will gather pace, reaching 1.5%.
From shallow recession to moderate growth
(05.07.2023)
Bank of Finland. Bulletin 2/2023
Bank of Finland. Bulletin 2/2023
The Finnish economy will contract by 0.4% in 2023 as inflation, tighter monetary policy and weak export demand weigh on growth across a broad front. Inflation is nevertheless falling this year, and this is already improving ...