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Finland's economy continues on the verge of overheating

Author

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  • Oscar-Erich Kuntze

Abstract

The broadly based and very buoyant upswing that started in 1999 continued in 2000, resulting in an increase of real GDP of about 5½%. Despite a significant improvement in the labour market, the average annual unemployment rate fell by only half a percentage point to 9.8%. Consumer prices increased at a 3% annual rate. In 2001 economic growth is expected to weaken with real GDP growing by nearly 4¼%. With further improvements on the labour market, unemployment will drop to 9%, on average.

Suggested Citation

  • Oscar-Erich Kuntze, 2001. "Finland's economy continues on the verge of overheating," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 54(05), pages 37-43, October.
    • Handle: RePEc:ces:ifosdt:v:54:y:2001:i:05:p:37-43
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    More about this item

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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