Acting Governor Marja Nykänen: Finland and Germany: latest developments, new opportunities and prospects for integration
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Topics of the presentation
• Euro area's economic and inflation outlook
• Trade between Finland and Germany
• Future prospects: where to find new opportunities for trade? - Green transition
• Economic growth can only be sustained by a strong banking sector
• Completion of the EU's capital markets union is an important aim
Finland and Germany close together in a fragmented world
• World being shaped by great challenges, technological change and geopolitical stress
1. Climate change and the green transition
2. Ongoing digitalization and AI-related distortions
3. Russia’s war in Ukraine and tensions in the Middle East 4. China dependency
• … Amid painful withdrawal from Russian fossil energy
Euro area's economic growth is expected to remain subdued in the near term
Euro area inflation is on the right track
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