Better by 2017

  • 2010-03-05
  • Helsinki Times

FINNISH consumers are an optimistic bunch. According to the most recent consumer survey, they are more positive about Finland's economy now than at any time since 1997. They realise that unemployment might be headed up for a time yet, but they are simply exuberant about their personal economic situation as well as Finland's. So is the recession a thing of the past? Hardly.

HERE is the sober truth: Finland will probably not fully recover from the recession until 2017. No, that is not a typo. This is important enough to say again: We will probably not recover our pre-recession real GDP per capita for another seven years. If the consumers had known this, I wonder if they would have given the same answers for the survey.

...  Full story...

Related Articles