Press releases

A fiscal devaluation is likely to have a small, short lived expansionary effect on employment and GDP, points out a study commissioned by European Comission’s Directorate-General for Taxation and Customs Union, and completed by a consortium of eight European research institutes, including ETLA, the Research Institute of the Finnish Economy.

The euro area recession has deepened, but the calming of the financial markets provides hope for the latter part of 2013. Finland’s GDP will grow by 0.3 per cent in 2013, while next year growth will accelerate to 1.8 per cent.

Today sees the launch of the EUROFRAME Group’s latest report giving GDP and inflation projections for the Euro Area to 2014. The report also contains projections of key economic variables for the major EU countries. It analyses the economic effects on the Euro Area of the continuing financial uncertainty and the tight fiscal policy currently […]

The Jane and Aatos Erkko Foundation has granted 530 000 euros for a research project focusing on EU’s future direction after the economic crisis. The study will evaluate EU’s development trends and their implications for the EU and Finland. The research project seeks to support political decision-making as well as public debate. The project is […]

The euro crisis escalated again in the summer and the global economic recovery has been delayed; an upswing is not expected until mid-2013 at the earliest Finland’s GDP will grow 0.5 per cent in 2012; next year growth will remain at 1 per cent due to weak exports and consumption Finland’s consumer prices will rise […]