Macroeconomics and economic policy

Panic braking from Russia – This is what it’s all about –

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Panic braking from Russia – This is what it’s all about –

Heikki Mulari The actions of the Russian central bank to curb the overheated economy are not enough, writes Iltalehti’s foreign correspondent Heikki Mulari. Today at 21:55 Vladimir Putin has reason to worry. Illustration picture. EPA/AOP On Friday, the Central Bank of Russia raised the key interest rate to a record 21 percent. It was already … Read more

Unemployment continued to grow – Economist: “Darkest before the dawn” –

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Unemployment continued to grow – Economist: “Darkest before the dawn” –

Jukka Appelqvist of the Central Chamber of Commerce: “Employment reacts to economic downturns with a delay, so it is not surprising that unemployment continues to rise for the time being.” Central Chamber of Commerce Chief Economist Jukka Appelqvist. Karoliina Vuorenmäki In September, there were 54,000 fewer employed people aged 15–74 than a year ago, and … Read more