Government programme stirs up concerns among economists

THE DRAFT GOVERNMENT PROGRAMME leaked to Iltalehti on Sunday seems to be based on the expectation that economic growth will exceed forecasts, view economists. “If most of the spending increases are carried out at the beginning of the electoral term and employment fails to increase as desired, the government will find itself in a tough spot midway into the term,” highlighted Olli Kärkkäinen, an economist at Nordea.