Room for Growth project aims to boost economic growth

Since the financial crisis of 2007–2009, economic growth in Finland has been slow. The relative standard of living has fallen compared to our reference countries and the EU average, and GDP has increased only slightly. Slow economic growth is a major reason for the problems facing general government finances. Without economic growth, Finland will have no choice but to continue its significant adjustment measures in the coming years.

To find new ways to boost economic growth, Prime Minister Petteri Orpo launched the Room for Growth project in September 2024. Risto Murto, CEO of Varma Mutual Pension Insurance Company, has been appointed to serve as chair of the project’s working group.

The expert working group will gather proposals from a variety of actors and stakeholders in society and compile the proposals it deems feasible into a final report. The report is due to be completed by 28 February 2025. The goal is for the Government to be able to decide on new growth measures by its mid-term policy review next spring at the latest.

Recording of the Room for Growth discussion event on 19 November 2024