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PM Sipilä celebrates economy in New Year’s address

In his New Year’s address Prime Minister Juha Sipilä said that economic growth in 2017 has been faster than anyone could have anticipated one year earlier.

Pääministeri Juha Sipilä eduskunnassa Helsingissä 18. joulukuuta
Prime Minister Juha Sipilä in Parliament on 18 December, 2017. Image: Martti Kainulainen / Lehtikuva

Prime Minister Juha Sipilä has focused on Finland’s economic recovery in 2017 in his New Year's speech. According to Sipilä, after years of withering, the economy is now growing at a brisk pace.

"The latest estimates show that our gross domestic product has grown this year by more than three per cent. This turnaround has indeed been faster than anybody could have foreseen a year ago," Sipilä said.

The Prime Minister also spoke of an increase in the number of jobs and persons employed. He cited data from Statistics Finland which indicated that the number of people employed in November was 83,000 more than at the same time the previous year.

"This is equivalent to the creation of 230 new jobs every single day over the past year. By November, the number of employed people had risen to 70.4 per cent of the working age population, the highest percentage for ten years," he added.

The PM also said that he was pleased to see that the growth in the number of jobs available and the decrease in unemployment was evident throughout the country. He added that both small and large enterprises were hiring new workers.

The Prime Minister’s address also touched on the recently-concluded centenary of Finnish independence, which he said had been a success.

"Civil society in Finland has clearly demonstrated its strength," he added.

Sipilä noted that in 2018, Estonia, Latvia and Lithuania will celebrate their independence centennials and extended congratulations to the Baltic states.

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