BOFIT Viikkokatsaus / BOFIT Weekly Review 2015/18
The draft forecast also includes a more optimistic scenario. On request from the president, a target variant of even faster growth has been drafted. In that case, growth would be boosted by targeted infrastructure investments using assets from the National Welfare Fund (up to 80 % of the fund’s assets), as well as assets from pension funds.
The economy ministry has also prepared a draft version of the three-year government action plan. Goals include raising the investment-to-GDP ratio from below 18 % this year to a range of 22−24 % by 2020. GDP growth should reach the average level of growth of the global economy by 2018, which would result from a resurgence in private investment. The draft places relatively heavy emphasis on encouraging private entrepreneurship.