Finnish Economist Björn Wahlroos Warns of Dire Consequences without Economic Growth

Björn Wahlroos has expressed concern about the departure of capital, investments and capitalists from Finland. He believes that the lack of economic growth in the country for the past 16 years is a major issue that needs to be addressed urgently. According to him, without economic growth, cutting government spending and weakening social security will not be enough to fix the deficit in the national economy.

Wahlroos attributes the lack of growth to several factors including the collapse of Nokia and the departure of resources from Finland. He points out that both people and capital have left the country, with large Finnish companies making investments abroad instead of in Finland. This trend, according to Wahlroos, is a result of Finland’s lack of competitiveness in terms of taxation, strikes, and wage levels compared to other countries.

The journalist emphasizes the importance of attracting investments to spur economic growth and create jobs. He warns that without a competitive environment, Finland will continue to struggle to see any growth in the future. He suggests that focusing on justice and social security is important but economic growth and job creation should be given top priority.

In conclusion, Wahlroos urges Finland to become more competitive in order to attract investments and prevent further economic decline. He believes that without a strong economy, social security and government services will suffer leading to potential crises in the future.

According to recent economic forecasts for Finland, there are varying levels of growth predicted with some forecasters predicting a decrease in GDP and investments. This underscores the need for addressing these issues raised by Wahlroos in order to prevent an even worse economic situation for Finland.