Short-term economic outlook has deteriorated drastically in Finland, Sweden and Germany
Kortelainen, Mika; Lindblad, Annika; Obstbaum, Meri; Schmöller, Michaela (29.06.2020)
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Lataukset:
Volyymi
94Numero
3/2020Julkaisija
Bank of Finland
2020
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202007012217Tiivistelmä
The outlook for the world economy deteriorated in the spring as the coronavirus (COVID-19) developed into a pandemic. Significant re-strictions on movement, business and social interaction have greatly weakened growth potential, while consumption and investment are both being depressed by the uncertainty raised by the virus. Short-term indicators point to a sudden and fairly simultaneous weakening of the Finnish, Swedish and German economies in March. During May, high-frequency indicators showed early signs of picking up, but uncertainty remains high and the recovery will be slow.