Bank of Finland Bulletin: Articles on economy by Bank of Finland 3/2015

Ambitious objectives needed for structural reforms and cost-competitiveness 3
Finland falling further behind euro area growth 6
Consolidation measures strengthen public finances 22
Rise in services prices has made Finland an expensive country 29
Recovery hinges on export markets 33
Employment impact of exports has changed 35
Households increasingly dependent on public transfers 40
Shortage of new firms jams labour market recovery 48
Finland benefits from Eurosystem’s securities purchases 55
Global economic growth will gain momentum in the forecast period 66
National accounts for the first quarter of 2015 70
Forecast tables 72