Press releases

The structural balance may guide fiscal policy pro-cyclically

The structural balance that plays a central role in the EU’s new fiscal policy legislation may guide fiscal policy in a pro-cyclical way, in other words make it stimulating in an expansion and restrictive in a recession, reveals a study by Researcher Tero Kuusi. An English translation of the research report has now been published.

Commodity price recovery is gaining foot

Commodity prices will turn to a slight recovery during the 2015 – 2016 forecasting period, foresees the Working Group on Commodity Prices of AIECE, Association of European Business Cycle Institutes in the biannual report ” World Trade and Commodity Prices in 2015 – 2016”. Pulled by crude oil prices, energy raw materials are expected to […]

Do we see the industrial internet as a job killer, or job creator?

According to researchers of Aalto University, VTT Technical Research Centre of Finland Ltd, and the Research Institute of the Finnish Economy ETLA, the upheaval brought on by the industrial internet is an opportunity to increase Finnish well-being and productivity and to make Finland an attractive target for investment. The working group estimates that if successful, […]

The Euro Area is continuing its cautious recovery – Finland’s GDP will finally return to growth

The euro area is continuing its cautious recovery, the US economy is undergoing a strong upswing, China’s growth is subsiding. Finland’s GDP will grow 0.5 per cent in 2015 and 1.6 per cent in 2016.

Euro Area GDP to grow by 1.5 % this year

Currency depreciation against the US dollar and the low level of the price of crude oil will help to gradually strengthen the economic recovery in the Euro Area. EUROFRAME, the network on ten independent European research institutes, is projecting the Euro Area GDP to grow by 1.5 and 1.9 per cent in 2015 and 2016, […]

VTT, Aalto and ETLA study opportunities of industrial internet for Finland

The industrial internet is one of the most important disruptive technologies at the moment, both in Finland and worldwide. Finland is looking for new growth opportunities and competitiveness through exploiting the industrial internet. The Prime Minister’s Office has identified it as one of its key themes.