Editorial : Bar raised for economic policy – demographic trend and public debt weigh on national economy

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Title: Editorial : Bar raised for economic policy – demographic trend and public debt weigh on national economy
Author: Rehn, Olli
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 95
Series number: 3/2021
Year of publication: 2021
Publication date: 15.6.2021
Pages: 3-6
Subject (yso): tuottavuus; työllisyys; ikärakenne; väestö
Keywords: korona; koronakriisi; COVID-19; Suomi
Other keywords: age structure; COVID-19; COVID-19 crisis; employment; productivity
Abstract: According to the Bank of Finland’s new forecast, the COVID crisis will not cause a substantial long-term drop in the Finland’s GDP. This is clearly good news. Generally, when the economy returns to growth following a deep economic crisis, output does not return to the pre-crisis trend, but to a lower trajectory. This time we expect the outcome will be better. In this respect, the extensive, strong economic policy response to the crisis can be considered a success. The public finances will, however, be left with a long-term scar.
Note: The accessible version http://www.bofbulletin.fiThe accessible version https://www.bofbulletin.fi/en/2021/3/bar-raised-for-economic-policy-demographic-trend-and-public-debt-weigh-on-national-economy/
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


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