Editorial : Bar raised for economic policy – demographic trend and public debt weigh on national economy
Rehn, Olli (15.06.2021)
Volyymi
95Numero
3/2021Julkaisija
Bank of Finland
2021
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:bof-202106281306Tiivistelmä
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.
Julkaisuhuomautus
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/