The new 'sick man' of Europe
- The country's economy is having a hard time bouncing back from its dying paper industryand Nokia's slump. Notably, Nokia alone was responsible for a stunning 24% of Finnish real GDP growth from 1997 to 2007, according to data cited by BMI Research.
- The country' demographics - which, much like the rest of Europe include a shrinking working-age population and a growing aging population - will most likely drag down long-term growth.
- Finland uses the euro, which means it can't adjust fiscal or monetary policy to its specific needs.