The economic dive is of the magnitude we forecast — in addition to the scale of stimulus, correct targeting is important

Forecast Publications, Forecast Assessments Ilkka Kiema

The coronavirus crisis will contract Finland’s GDP by approximately 5 percent, and exports in particular have collapsed. Recovery will be slower than in other eurozone countries due to the cyclical sensitivity of exports. Stimulus measures are necessary, but there are risks in the targeting of business support. The EU’s decision to distribute crisis support as loans rather than direct grants reflects a lack of solidarity among member states and may in the long term weaken the stability of the euro system. (AI translation)

Forecast Publications Forecast Assessments
Ilkka Kiema Economic growth has been stronger than expected — exports grow even as growth in export destination countries slows
Read more
Forecast Publications Forecast Assessments
Ilkka Kiema Economic growth remains subdued for now — the new government may continue its predecessors’ cycle-amplifying policy
Read more
Forecast Publications Forecast Assessments
Ilkka Kiema Growth slows somewhat more than anticipated — employment trends nonetheless remain positive
Read more