Olli Rehn enjoyed his morning coffee in the University of Oulu on August 10th. After that, he shared his views of the current situation of Finnish economy.
According to Rehn the growth rate of Finland has finally reached the level of other European countries. Economic growth is helping but it won't completely solve the problems of public financing. Rehn said that domestic demand fueled by debt is an important reason for our current growth but we are moving towards a more sustainable growth powered by exports and investments. Costs of production are getting lower but households are deeply in debt and the rate of their savings is exceptionally low. He also stated that key factors in the future will be know-how, innovations, research and reforming the structures of the economy.
After this seminar hosted by Martti Ahtisaari Institute, Olli Rehn and many of the participants continued to Heinäpää to play in the Finnish Football Championship of Economists. University of Oulu celebrated as the champions for the second time in a row as they beat University of Jyväskylä in the final. This traditional event was organized for the 20th time and once again it brought together economists from different parts of Finland.
Last updated: 15.8.2017