Phenomena 2022 – A Glimpse into the Future

Tytti Sulander, Aki Kangasharju, Antti Kauhanen, Heli Koski, Martti Kulvik, Olli-Pekka Kuusela, Tero Kuusi, Markku Lehmus, Päivi Puonti, Olli Ropponen and Tarmo Valkonen

No 103, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: Abstract The third corona year 2022 will not start very brightly as the Omicron variant of COVID-19 continues to spread. However, we are cautiously optimistic about economic development throughout 2022. In Finland, growth will continue, albeit at a slower pace than this year. The most difficult phase of the pandemic is in the early part of the year, but towards the summer, consumption of services will pick up again, and the outlook for the rest of the year is clearly brighter. At the same time, the pressure to pursue a sustainable, growth-friendly and counter-cyclical economic policy in Finland is growing. Globally, the big theme of 2022 economic policy is the return of inflation, which stems from a recovery in demand, large stimulus packages, and a European Green Deal.

Keywords: Economic growth; Economic policy; Inflation; Fiscal policy; Monetary policy; Climate; Green Deal; Forecast; EU; Euro; Finland; Employment; COVID-19; Pandemic; Omicron (search for similar items in EconPapers)
Pages: 8 pages
Date: 2021-12-28
New Economics Papers: this item is included in nep-env and nep-mac
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