The OECD warns of loss of competitiveness and requires reforms aimed at improving the "restrictive" market for products, the "highly selective" education system and the labor market.
Finland’s general government deficit will grow substantially this year to about 18 billion euros, or 7.7% of GDP.
“The economy is at a turning point, as the epidemic has reared its head…
Finland's gross domestic product (GDP) contracted 6.4% year-on-year in the second quarter.
Private consumption and exports , which are key elements for the good economic functioning of the…
Consumers' expectations of their personal situation are not as bad as those related to the future of the Finnish economy. Pensioners had the gloomiest expectations.
General government deficit was 2.7 billion euros, 700 million more than the year before. Consolidated debt grew by around 3 billion and amounted to 142.5 billion at the end of 2019.
The unemployment rate will grow up to 8%, according to the forecast of the Ministry of Finance. For the first time ever, the social security funds will be in deficit, while public debt will climb to…
In its evaluation, the IMF says that fiscal buffers are necessary to ensure that the social welfare model can be preserved. The IMF is also concerned about the continuation of household…
The number of unemployed job seekers increased by 3,800 in November, when the great Christmas sales campaign is at its peak. Bankruptcies of companies are increasing, especially in the main…
According to the Ministry of Finance, GDP will increase only by 1% in 2020, to grow just one tenth more in 2021 and 2022. General government finances will remain in deficit and debt will…
The Ministry of Economic Affairs and Employment draft budget for 2020 includes an additional investment of 24 million euros in a new International Growth Programme. There will be 6.5 million euros…