Bank of Finland Bulletin : Economic outlook
(28.06.2013)
Volyymi
87Numero
3Julkaisija
Bank of Finland
2013
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201408074446Tiivistelmä
Preface 3
Bank of Finland forecasts 5
Executive summary 6
Economic outlook 9
Recent developments 9
Box 1. National accounts for the first quarter of 2013 12
Operating environment 13
Non-financial corporations 20
Box 2. Geographical and product structures of Finnish goods exports have
changed 23
Households 26
GDP and employment 27
Box 3. Demographic factors obscuring the picture of labour supply 30
Public finances 32
Box 4. Composition of Finland's public debt 36
External balance 39
Box 5. Foreign trade statistics based on value added reallocate country-specific trade surpluses and deficit 41
Wage and price trends 45
Box 6. Finnish inflation above euro area average 47
Risk assessment 49
Box 7. Alternative scenario: Demand in export markets picks up at the same time as conditions for corporate investment improve 53
Changes from the previous forecasts 58
Labour supply and population cohorts: impact of the business cycle on labour market attachment
Helvi Kinnunen - Petri Mäki-Fränti 61
Sector-specific labour cost developments from the perspective of the industrial sector's cost structure
Jarkko Kivistö 71
Articles and boxes 81
Forecast tables T1
Bank of Finland forecasts 5
Executive summary 6
Economic outlook 9
Recent developments 9
Box 1. National accounts for the first quarter of 2013 12
Operating environment 13
Non-financial corporations 20
Box 2. Geographical and product structures of Finnish goods exports have
changed 23
Households 26
GDP and employment 27
Box 3. Demographic factors obscuring the picture of labour supply 30
Public finances 32
Box 4. Composition of Finland's public debt 36
External balance 39
Box 5. Foreign trade statistics based on value added reallocate country-specific trade surpluses and deficit 41
Wage and price trends 45
Box 6. Finnish inflation above euro area average 47
Risk assessment 49
Box 7. Alternative scenario: Demand in export markets picks up at the same time as conditions for corporate investment improve 53
Changes from the previous forecasts 58
Labour supply and population cohorts: impact of the business cycle on labour market attachment
Helvi Kinnunen - Petri Mäki-Fränti 61
Sector-specific labour cost developments from the perspective of the industrial sector's cost structure
Jarkko Kivistö 71
Articles and boxes 81
Forecast tables T1
Julkaisuhuomautus
ISSN: 0784-6509 (painettu), ISSN: 1456-5870 (online)