There is more to public finances than bad news

The Labour Institute for Economic Research LABORE published its autumn economic forecast three months ago on 14 September. According to it, economic growth in the current year would be 1.8 percent, next year’s economic growth would be 0.7 percent, and economic growth in 2024 would be 2.1 percent. In the forecast we estimated that the effects on the Finnish economy of the decline in trade with Russia would remain fairly limited and that Russia’s war of aggression in Ukraine would affect the Finnish economy primarily through the energy crisis and the slowdown in international economic growth. These assessments continue to appear well-founded. (AI translation)

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