Juhana Vartiainen, the director general at the Government Institute for Economic Research (VATT), estimates that Finland has a multitude of means at its disposal to lift itself out of the economic doldrums. In particular, it is crucial to mitigate the repercussions of demographic changes to guarantee the growth of the Finnish labour force.
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VATT: Finland deserved lower credit rating
Vartiainen also says that he was not surprised by the decision of Standard & Poor's on Friday to downgrade its long-term sovereign debt rating on Finland from the highest AAA to AA+ on grounds of the country's weak growth prospects.