Raising the employment rate to 75% will require much faster economic growth If economic growth in the immediate years ahead does not exceed around 1.5%, achievement of the 75% employment target is unlikely. Share Email Twitter Facebook Linkedin Google+
Alternative scenarios linked to the global impact of US fiscal and trade policies The Bank of Finland has calculated alternative scenarios on the effects of risks to the global economy. In these scenarios, global growth weakens more abruptly than currently forecast. Share Email Twitter Facebook Linkedin Google+
What if China’s economic growth were to slow substantially? How would a rapid but controlled restructuring of China’s economy or a sudden halt to debt-driven growth affect the Chinese and euro area economies? Share Email Twitter Facebook Linkedin Google+
Alternative scenario: What if growth in exports and productivity were actually higher? Exports and productivity could grow faster than estimated in the Bank of Finland’s baseline forecast. However, a temporary period of faster growth would not suffice to resolve the problems with fiscal sustainability. Share Email Twitter Facebook Linkedin Google+
Alternative scenario: Scenario based on US economic policy plans The economic policy measures planned by the new US administration are geared towards fuelling growth. This alternative scenario assesses the possible effects of potential infrastructure investments, tax cuts and the proposed border adjustment tax. Share Email Twitter Facebook Linkedin Google+
Alternative scenario: Weaker global economic activity one of the key risks It will become harder to balance the public finances in the future if the global economic headwinds gather pace. Share Email Twitter Facebook Linkedin Google+
Achievement of the employment objective requires faster economic growth Achievement of the employment objective in the Government programme will require GDP growth of 1.3 percentage points faster than estimated in the Bank of Finland’s baseline forecast. Share Email Twitter Facebook Linkedin Google+