Finnish companies assess the Finnish economic situation decline this fall in all main industries, told the confederation of Finnish industries EK:the latest survey (you move to another service).
the world economic slowdown has worsened, in particular industrial situation.
– the Concern is that the economic outlook have come during the fall, down pretty quickly. Above all, this has been the industry. If you look at Finland’s predicted economic development, next year’s predicted low of a half percent growth. If you mirrored the growth forecasts for the survey of the situation, it is not excluded that the growth will go next year to zero, said NAK:no leading economist Sami Pakarinen Yle.
the cyclical expectations have been in decline even longer. Production and sales expectations were still reasonably good level in the other of the main branches of industry except for.
Pakarinen according to a cyclical deterioration of the displayed time also employment. In industry, the economic situation has already started to decline and the number of personnel is projected to decrease in the coming months.
– How it will reflect the possible co-determination negotiations, it is his own question. Every company makes decisions from their own perspective. The message is worrying the Finnish employment development. It comes at a spanner in the works, Pakarinen said.
on the Surface of the demand problems
export markets coagulate, that for Finland, the main markets reflect production growth in the. More than 40 percent of industry respondents felt that the demand is not enough.
Also in the service sector, demand has slowed down even further. Professional labour availability have eased somewhat, but the recruitment problem is perceived still to be a general.
the Worst labour shortages in the construction, but the situation will ease, once the business cycle to cool.
the Finnish economy is now the new front. Both exports and investment waning at the same time. Growth forecasts will be upgraded still down. This does not bode well either for a public economy. The deficit grows and the debt ratio rises quickly, Pakarinen said.
Pakarinen, according to the government could ease the situation by making decisions that provide balanced public finances.
– the Deficit should be controlled. Also increases the employment action is required.
Pakarinen frets that the sustainability of public finances require unpleasant decisions affect long too early. According to him, the visit quickly so that decisions are already too late.
Also, EK’s ceo Jyri Häkämies emphasise that the situation requires a stronger employment support measures.
it’s the Only way to take forward the local agreement and enhance the various industries and the ability of enterprises to adapt to the challenging situation, Häkämies said in the announcement.
– Finnish and Finnish companies competitors are outside our borders, therefore we have in Finland to find solutions to the changing situation.
EK:no survey will be published four times a year. The October inquiry replied 1 169 companies, of which Finland has more than 250 000 employees.
Read more :
Companies consider the cycle as a moderate – the Economist warns: “the global economic risks are reflected in Finland”
EK:n survey: Companies a favorable situation, but the weak outlook
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