Vesa Vihriälä in Government Gazette: Towards a Functioning Monetary Union – a Finnish Point of View

The euro has undoubtedly promoted integration and spurred growth. It has also kept the promise of monetary stability as measured by consumer price inflation. There are some “buts”, however.

Global growth continues to be slow – Finland’s GDP will grow by 0.3 % in 2013

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.

EUROFRAME Group: the Euro Area to see a further limited fall in GDP in 2013

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 […]

ETLA and FIIA to study the future direction of the EU after the economic crisis

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 […]

Global economic recovery delayed – Finland’s GDP growth remains at 0.5 per cent in 2012

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 […]

ETLA’s Nokia research referred to in The Economist

NOKIA contributed a quarter of Finnish growth from 1998 to 2007, according to figures from the Research Institute of the Finnish Economy (ETLA). Are any other economies so reliant on one company? The researchers at ETLA calculate Nokia’s value-added to work out its importance to Finland, but such data are not widely available for other […]