Bank of Finland Bulletin: Bank of Finland articles on the economy 5/2018

Now is the time to strengthen the public finances and the foundations
for productivity growth 3
Forecast: Economic growth has passed its cyclical peak 7
Assessment of public finances 2018: Now is an opportune time to
strengthen fiscal buffers 40
Slow productivity growth hinders export growth 46
Several reasons behind weak labour productivity 50
Sustainability of Finland’s public finances 54
Are Finns living beyond their means? 61
Divergence of productivity growth in Finnish companies 65
Debt risks amplified by housing company loans 83
Forecast tables for 2018–2021 (December 2018) 96