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Difficulties in emerging economies weigh on global growth
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
The Bank of Finland forecasts a global growth rate of 2.8% in 2016, rising only slightly to 3.2% in 2017–2018. The growth pick-up reflects a recovery of the emerging economies suffering from the recession. World trade ...
Russia’s economy and imports to contract further
(13.04.2016)
Bank of Finland. Bulletin 1/2016
Bank of Finland. Bulletin 1/2016
In the wake of a second export price shock late last year, the Bank of Finland now expects Russian GDP to contract 3% in 2016. Our new forecast assumes the price of oil averages slightly over $40 a barrel this year, about ...
Bank of Finland Bulletin: Bank of Finland articles on the economy 4/2019
(12.11.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
Accessible summary : Finland’s economy will gradually recover from the sudden shutdown
(09.06.2020)
Bank of Finland. Bulletin 3/2020
Bank of Finland. Bulletin 3/2020
The Finnish economy is experiencing a sharp contraction on account of the coronavirus pandemic. Gross domestic product will decline by around 7% in 2020. In the next 2 years, the economy will grow around 3% per annum. The ...
Euro area productivity growth could slow further in the event of a downturn
(03.10.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
The euro area productivity slowdown in the early 2000s can mainly be attributed to weakening innovation. However, since 2008 productivity growth has slowed due to a crisis-induced drop in technology adoption. This implies ...
Finland's economy will gradually recover from the sudden shutdown
(29.06.2020)
Bank of Finland. Bulletin 3/2020
Bank of Finland. Bulletin 3/2020
The Finnish economy is experiencing a sharp contraction on account of the coronavirus pandemic. Gross domestic product will decline by around 7% this year and grow around 3% per annum in 2021 and 2022. The forecast contains ...
Only very subdued growth in sight
(12.11.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
The global economic cycle entered a phase of slower growth in early 2018. At the same time, the United States began to step up its protectionist measures. By September 2019, it had already imposed substantial additional ...
The trade war has significantly weakened the global economy
(12.11.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
According to a model-based assessment by the Bank of Finland, tariff increases currently in place will slow global GDP growth by around 0.7 of a percentage point. The trade dispute has already diminished trade flows between ...
Editorial: How can we avoid a negative equilibrium of low growth and low inflation?
(03.10.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
Global economic growth began to moderate in early 2018. Industrial confidence has waned worldwide and global manufactures trade has seen its growth stall this year. Financial markets have avoided disruption for the time ...
Accessible summary: Only very subdued growth in sight
(12.11.2019)
Bank of Finland. Bulletin 4/2019
Bank of Finland. Bulletin 4/2019
Global economic growth has slowed substantially in the current year. One cause has been the trade war between the United States and China, which has escalated further since the spring. Now both countries have already imposed ...