What if exports don't recover in the years ahead?

Abstract

Finnish exports declined 0.8% in 2014, lagging further behind the export markets and world trade growth, and they are set to barely grow at all in 2015. The scale of the problem is illustrated by the fact that the volume of exports is still approximately EUR 10 billion lower than in 2007. If exports had continued to grow on their long-term trend after 2007, the loss now would be that much greater. If the negative indirect impact of poor export performance on e.g. investment were taken into account, the final bill would increase further still.