The euro area recession is over – Finland’s GDP will grow by 0.7 per cent this year

The euro area recession is over, but growth is still sluggish. Finland’s GDP will grow by 0.7 per cent in 2014 and 2 per cent in 2015.

Euro Area recovery expected to strengthen

Based on the assumptions of continued monetary stimulus, more moderate fiscal restraint and an improving external environment, the EUROFRAME Group of ten European research institutes expects the recovery in the Euro Area to gradually strengthen and broaden this year and next.

Shale energy shapes global energy markets

Unconventional resources of crude oil and natural gas – shale energy – increased significantly in the US in the early 2000s, triggered by the strong rise in the price of crude oil and technical advances in production.

The Euro Area recession appears to be over – Finland’s GDPwill grow by 1.6 per cent in 2014

The euro area recession appears to be over, but growth will remain slow. Upturn began also in Finland in second quarter, but GDP for the year as a whole remains lower than in 2012. Finland’s GDP will fall 0.4 per cent in 2013 but grow by 1.6 per cent next year.

FastFT quotes ETLA’s Nokia research

An analysis by ETLA of Nokia’s influence has some fascinating factoids as well as reassuring statistics following the €5.44bn sale of its handset business to Microsoft, says fastFT, Financial Times’ 24 hours a day news service. Software and IT services have largely filled the void left by Nokia’s decline. Read more

Which are the effects of a fiscal devaluation?

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.