Ambitious objectives needed for structural reforms and cost-competitiveness

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dc.contributor Bank of Finland Liikanen, Erkki 2017-05-30T07:21:50Z 2017-05-30T07:21:50Z 2015
dc.identifier.issn 1456-5870
dc.description Editorial
dc.description.abstract The Bank of Finland has emphasised that the problems of the Finnish economy are not primarily cyclical, but largely of a longer-term, structural nature. In addition to the weakness of the global economy, activity has been dampened by structural changes in Finnish industry, a contraction in the working-age population, weakening cost-competitiveness and, recently, also the difficulties in the Russian economy. As general government deficits have grown and a rapid increase in the population share of elderly people is looming, the longer-term outlook for the public finances has deteriorated. The Bank of Finland has pointed out that the key to resolving the serious problems in the economy lies in structural reforms, fiscal consolidation and improved cost-competitiveness.
dc.format.extent 3-5
dc.language.iso ENG
dc.subject rakenneuudistukset
dc.subject kustannuskilpailukyky
dc.subject Suomi
dc.title Ambitious objectives needed for structural reforms and cost-competitiveness
dc.type Journal article
dc.identifier.urn URN:NBN:fi:bof-201705301312 Bank of Finland. Bulletin
dc.series.volume 89
dc.series.number 3/2015 10.6.2015
dc.subject.yso julkinen talous
dc.type.okm E1
dc.relation.ispartofjournal Bank of Finland. Bulletin

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