12840–4–8–12
Source: Calculations by the Bank of Finland.
Impact of external variables on magnitude of tail risks in Finland’s real economy is elevated prior to greatest downturns
3.5.2022© Suomen Pankki / (© Bank of Finland)
%
1. Forecast of 95% probability area, impact of external variables2. Forecast of 95% probability area, impact of domestic variables only3. Observed annual real GDP growth
1
2
2007 2012 2017
3