The ministry has previously calculated that Finland will need to find 9 billion euros in spending cuts and tax rises over the next two governmental terms.
Illustration by Katy Smith
After the financial crisis, a slow and imbalanced recovery fostered a new set of social, health, economic and political problems. At a GGF webinar, expert panellists discussed how policymakers can ensure that – as countries finally emerge from the pandemic – the next recovery addresses these problems rather than exacerbating them. By Catherine Early
The pandemic has led to “impact piling upon impact for the most disadvantaged in society,” said former UK permanent secretary Clare Moriarty. For COVID-19 not only causes most physical harm to those who are old, disabled or unwell; its economic and social impacts have also been felt most by those with the least income, assets and job security.