The world economy is beginning to awaken from a nightmare. ”The global economy is recovering significantly faster than previously expected, but growth is still dependent in most advanced economies on government stimulus measures and remains fragile”, the Managing Director of the International Monetary Fund, Dominique Strauss-Kahn, said at a January 14 news conference in Washington.
For this reason our government is not to stop stimulus measures too early in the mistaken belief that a strong recovery had taken hold. Instead Finland need to shift stimulus measures toward projects that would create additional jobs.
The boom times that we have lived through are not the norm, and they have not been sustainable. We are not doomed to repeat history, but reaching a new path to a more lasting prosperity is likely to take a major effort and much patience. And it´s necessary to remind; we are not out of the woods until the private sector has recovered. This demands a closer cooperation between politics, banks and the business sector, in particularly SME sector.