Accessible summary : Finland’s economy will gradually recover from the sudden shutdown

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dc.contributor Bank of Finland 2020-06-10T06:25:53Z 2020-06-10T06:25:53Z 2020
dc.identifier.issn 1456-5870
dc.description.abstract The Finnish economy is experiencing a sharp contraction on account of the coronavirus pandemic. Gross domestic product will decline by around 7% in 2020. In the next 2 years, the economy will grow around 3% per annum. The forecast contains an exceptionally large degree of uncertainty. The contraction in the economy in 2020 could be only 5% or as much as 11%, depending on how the epidemic progresses in Finland and around the world, and what success there is in bringing it under control. The degree of success in controlling the epidemic will also determine how quickly the economy will recover. It will probably not be possible to avoid permanent losses of output, but economic policy can be used to mitigate their scale.
dc.format.extent 4
dc.language.iso ENG
dc.subject COVID-19
dc.subject korona
dc.subject koronakriisi
dc.subject Suomi
dc.subject taloudelliset katsaukset
dc.subject.other corona
dc.subject.other economic growth
dc.subject.other economic forecast
dc.subject.other Finland
dc.subject.other economic outlook
dc.subject.other forecast
dc.subject.other corona crisis
dc.title Accessible summary : Finland’s economy will gradually recover from the sudden shutdown
dc.type Journal article
dc.identifier.urn URN:NBN:fi:bof-202006102187 Bank of Finland. Bulletin
dc.series.year 2020
dc.series.volume 94
dc.series.number 3/2020
dc.series.sortingnumber 0003 9.6.2020
dc.subject.yso talouskasvu
dc.subject.yso taloudelliset ennusteet
dc.subject.yso ennusteet
dc.type.okm E1

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