Finland turns humble as its economic outlook worsens

Raik, Kristi (2013) Finland turns humble as its economic outlook worsens. Euro Crisis in the Press (19 Aug 2013). Website.

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Abstract

Over the past few years, when the EU (together with the IMF) has had to rescue several member states from economic collapse, Finland has boasted with self-confidence. No longer. Finns have come back from their lakeside summer cottages to face grim figures about the economyStreets_of_Helsinki,_Finland,_Northern_Europe. While industrial production has returned to small growth in the Eurozone, fresh statistics place Finland at the bottom among EU countries with a 5.7 per cent drop in industrial output between June 2012 and June 2013. Confederation of Finnish Industries, the leading interest organisation of Finnish companies, sees the main reason in a creeping decrease of competitiveness over several years. Finland, it claims, is comparable to Italy these days – one can hope Italians will not be offended. The government is ringing the alarm bells and warning about painful structural reforms ahead.

Item Type:	Online resource (Website)
Official URL:	http://blogs.lse.ac.uk/eurocrisispress/
Additional Information:	© 2013 The Author(s)
Divisions:	LSE
Subjects:	H Social Sciences > HG Finance J Political Science > JN Political institutions (Europe)
Date Deposited:	23 May 2017 08:16
Last Modified:	11 Dec 2024 13:34
URI:	http://eprints.lse.ac.uk/id/eprint/78281

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