Logging-on Finland

I am trying to follow developments in the Finnish economy. This isn’t always easy since I am linguistically challenged, and the english language press doesn’t have a lot of info. One thing is clear: growth since the start of the century hasn’t been spectacular. Of course drawing any clear conclusions is difficult since the economy seems to be heavily dependent on one tech company and its lumber industry:

Finland’s gross domestic product (GDP) rose 1.7 percent month-on-month in July for an annual rise of 0.9 percent, due to increased activity in construction and services, Statistics Finland (SF) said on Tuesday.

SF also revised the June year-on-year GDP figure to a decline of 3.2 percent versus a previous 3.3-percent decline.

The country’s paper industry was still affected in July by production lost during plant start-ups after mills in the key export sector were shut for 7 weeks from mid-May.
Source: NTC research

You can find the Statistics Finland data here.

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About Edward Hugh

Edward 'the bonobo is a Catalan economist of British extraction. After being born, brought-up and educated in the United Kingdom, Edward subsequently settled in Barcelona where he has now lived for over 15 years. As a consequence Edward considers himself to be "Catalan by adoption". He has also to some extent been "adopted by Catalonia", since throughout the current economic crisis he has been a constant voice on TV, radio and in the press arguing in favor of the need for some kind of internal devaluation if Spain wants to stay inside the Euro. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".

1 thought on “Logging-on Finland

  1. The reason for this years dip is the paper industry labor dispute which lasted for more than a month. Yes, the paper industry is that big.

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