Bank of Finland - Annual Report 2004

The Bank of Finland has published its Annual Report for the year ended 2004. The world economy experienced a period of rapid growth in 2004, the report notes. International trade, in particular, grew at an exceptionally fast pace.

"At the same time, there was a dramatic rise in the price of commodities such as oil and metals. Two main factors lay behind this general upswing in the international economy. On one hand there was the continuation of expansionary economic policies in the leading

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