Overly optimistic productivity forecasts for Finland, reveals economic policy assessment council report

The Economic Policy Assessment Council's background report reveals that Finland's economic growth forecasts have been excessively optimistic, particularly during crises. This trend contrasts with Finland's main trading partners, Sweden and Germany, where forecast errors of a similar magnitude haven't occurred.

The report, based on a doctoral research by Adam Rybarczyk, compares estimates (or 'estimates') of potential production and production gaps for Finland, Sweden, and Germany over the last 20 years.