Cost-competitiveness remains at a better level than before
Kajanoja, Lauri (09.08.2019)
Volyymi
93Numero
3/2019Julkaisija
Bank of Finland
2019
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-201908121383Tiivistelmä
Finnish cost-competitiveness has improved in recent years, following a long period of deterioration. The greatest improvement in cost-competitiveness was seen in 2017, when the Competitiveness Pact entered into force. According to different indicators, cost-competiveness remained mostly flat in 2018 or improved slightly. Similarly, forecasts for 2019 predict neither significant improvement nor deterioration in cost-competitiveness. From the perspective of employment and output in the economy's tradable sector, it would be prudent to see a further slight improvement.