Vaccines bring hope of an end to the COVID-19 crisis, but recovery will be slow. In the immediate years ahead, household consumption will drive the economy, but exports and investment will remain sluggish.

The economic downturn in 2020 will be smaller in Finland than in the rest of the euro area, but this winter will still be difficult. Private consumption will cause an upturn in growth in 2021, but long-term growth prospects are sluggish.

Bank of Finland take care of the coordination of activities to improve households’ financial literacy in Finland.