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5/15/06

Helsingin Sanomat - Hard to find a chink in Finland's economic armour

For the full report go to Helsingin Sanomat or click on this link

Hard to find a chink in Finland's economic armour

Finland's economic position right now is really looking rather sweet. On either side Finland has important trading partners who are also enjoying good times. The Swedish economy is prospering, and the Russian economy is doing rather better than that. The significance of Russia for Finland's economic outlook has been growing steadily.

The employment rate for Finland will probably nudge 70 per cent next year, which would mean that Prime Minister Matti Vanhanen's government will be able to claim with a reasonably good conscience that it has met the promise that 100,000 new jobs would be created during the four-year term. Central government finances are in the black and the surplus is set to grow, at least this year. Finland is seen as a eurozone star-turn in terms of its rude public sector health.

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