The Finnish Economic Policy Council: Wellbeing services counties started in challenging circumstances – More flexibility needed to address deficits
The fiscal policy decisions made last spring support the government’s economic objectives. However, weak economic performance and the rapidly rising costs faced by wellbeing services counties have worsened the fiscal outlook. Additional measures that weaken aggregate demand should be avoided in the short term. Wellbeing services counties should be given additional time to implement savings […]
2024 Report of the Finnish Economic Policy Council to be published on Tue, 28 Jan 2025. Welcome to the publication seminar!
The Finnish Economic Policy Council publishes its annual assessment of the government’s economic policy and the sustainability of public finances on Tuesday, 28 January 2025. The 2024 report focuses on wellbeing services counties and their finances. A seminar to discuss the report will be held in the afternoon. The publication seminar will mainly be in Finnish, with some parts in English. The Finnish Economic […]
Economic Policy Council’s background report: Higher wages in Helsinki reflect productivity
According to a recent background report by the Economic Policy Council, wages in the Helsinki travel-to-work area are significantly higher than in other parts of Finland. Work experience gained in Helsinki also leads to faster wage growth compared to other regions. The report attributes this to the higher productivity enabled by the larger city size, […]
Economic Policy Council’s background report: Regional and occupational mismatch have minimal impacton unemployment
According to a recent report commissioned by the Economic Policy Council, barriers to the geographical or occupational mobility of unemployed jobseekers have not significantly slowed down job placements or raised unemployment in Finland in recent years. This trend appears to be due to the increased concentration of both jobseekers and job opportunities within the same […]
Jenni Jaakkola elected Secretary General ofthe Finnish Economic Policy Council
The Ministry of Finance has appointed Jenni Jaakkola, D.Sc. (Econ.), as Secretary General of the Finnish Economic Policy Council for the period of 1 September 2024 – 31 December 2025. During Jaakkola’s term, the Council’s role and division of labour with other actors will be examined further. (image: VATT / Veikko Somerpuro) Based on VATT’s […]