Finland: Output to moderate

Output grew by 5% in 2006, and strong growth has continued into 2007, underpinned by a robust export performance and sustained strength in consumption. While healthy employment growth is projected to continue, leading to a further decline in unemployment, output growth is expected to moderate.
To address the significant imbalances emerging in the labour market, more needs to be done to better match those out of work with the growing number of unfilled vacancies. The government should consider tightening fiscal policy to offset the effects of the large wage increases agreed in the current round of wage negotiations.



©OECD Observer No. 264/265, December 2007-January 2008

OECD Economic Outlook No. 82, December 2007
Visit www.oecd.org/finland
All OECD Observer articles on Finland




Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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