Finnish economy is still paralysed - HS in English |
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Finnish economy is still paralysed

Finland is stuck in a state of economic paralysis. Its gross domestic product grew for years at a clip that outstripped the eurozone average but will fail to keep pace with those of other eurozone countries in the coming years, according to an economic forecast published by the Bank of Finland. The little growth there is expected to be will be fuelled primarily by private consumption.

Julkaistu: 14.12.2015 7:15

“Almost all of Finland's problems are caused by the woes of the industries. That's astonishing,” says Matti Pohjola, a professor of economics at Aalto School of Business.

The Bank of Finland also points out that the conditions are not as favourable for the recovery of export industries as they were following the recession of the early 1990s, when the country was pulled out of recession by growth in world trade and the mobile phone business of Nokia.

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