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Iikka Korhonen

@iikkakorhonen.bsky.social

3.1K followers 1.3K following 1.7K posts

Head of BOFIT (Bank of Finland Institute for Emerging Economies), not representing the official views of my employer, RTs not endorsements https://t.co/E0YqzEKBp7

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Economics 82%

Political science 9%

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Iikka Korhonen @iikkakorhonen.bsky.social · 37m

”…delay underscores that much of the Arab world is now more interested in building ties with Trump, who has grown increasingly frustrated with Putin’s refusal to end Russia’s invasion of Ukraine despite US diplomatic efforts.”

www.bloomberg.com/news/article...

Putin Scraps Summit Over Lack of Attendance From Arab Leaders

There simply weren’t enough Arab leaders saying ‘yes’ to warrant holding a summit. That’s what forced Russian President Vladimir Putin into a last-minute delay of an event he’d hoped would boost his s...

www.bloomberg.com

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Reposted by Iikka Korhonen

Brad DeLong @delong.social · 1h

The Chaos Monkeys: Flying Down to Buenos Aires
Yes. They are going ahead with draining the Exchange Stabilization Fund of its dollar liquidity for purposes that seem to make more sense. &, since this is TrumpWorld, the odds are heavily in favor of the right…
braddelong.substack.com/p/the-chaos-...

The Chaos Monkeys: Flying Down to Buenos Aires

Yes. They are going ahead with draining the Exchange Stabilization Fund of its dollar liquidity for purposes that seem to make more sense. &, since this is TrumpWorld, the odds are heavily in favor...

braddelong.substack.com

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Iikka Korhonen @iikkakorhonen.bsky.social · 2h

”Consolidated budget expenditures in 2027–2028 would rise by 6–7 % a year. The defence budget is expected to increase slightly in 2027 and remain in 2028 at a level of roughly 13 trillion rubles ($160 billion at the current exchange rate)”🇷🇺

BOFIT @bofit.suomenpankki.fi · 7h

BOFIT Weekly Review 41/2025
Russia’s new budget framework does not promise support for fading economic growth

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

Iikka Korhonen @iikkakorhonen.bsky.social · 2h

Trade wars are lose-lose, but with the current tariff levels the euro area probably loses LESS than China or the US. Small consolation, yes, but still.
🇪🇺🇺🇸🇨🇳
@suomenpankki.fi

BOFIT @bofit.suomenpankki.fi · 1d

BOFIT Policy Brief 16/2025 Pasi Ikonen, Sanna Kurronen, Risto Rönkkö and Lauri Vilmi: Macroeconomic model simulations suggest only minor impacts on the euro area from current US import tariffs

Read more 🔗 publications.bof.fi/handle/10024...

#GlobalTrade #Tariffs #TradeWar @suomenpankki.fi

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Iikka Korhonen @iikkakorhonen.bsky.social · 5h

Riga🇱🇻

Reposted by Iikka Korhonen

Sense Hofstede @sensehofstede.nl · 6h

China launches customs crackdown on Nvidia AI chips – FT: ‘stepped up the enforcement of its controls on chip imports’ ‘Teams of customs officers have been mobilised at major ports across the country in the past few weeks to carry out stringent checks on semiconductor shipments’

China launches customs crackdown on Nvidia AI chips

Stringent border checks come after Beijing orders tech companies to stop ordering US processors

www.ft.com

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Reposted by Dani Rodrik, Stephen M. Walt, Cas Mudde , and 43 more Dani Rodrik, Stephen M. Walt, Cas Mudde, Ben H. Ansell, Jan W. Mueller, Guntram B. Wolff, Christian Odendahl, Richard S.J. Tol, Colin F. Camerer, Robbert Sanderman, Gabriel Felbermayr, Steven Van de Walle, Alistair Munro, Michael A. Clemens, Cyrus Samii, Lucas Leemann, Francesco Saraceno, Laia Balcells, Andrew Curry, Paul Lehmann, Guy Grossman, John Mullahy, Joshua Goodman, David Dorn, Ingo Rohlfing, Daniel W. Drezner, Iikka Korhonen, Aaron Sojourner, Daniel Huppmann, Julia Lynch, Rita Hamad, Nazita Lajevardi, Stacy D. VanDeveer, Miguel Á. Malo, Henry Farrell, Dean Eckles, Maria Abreu, Dana R. Fisher, Jason Lyall, Brian Weatherson, Bård Harstad, Christina Pagel, Jürgen Janger, Nicolai von Ondarza, Adam Tooze, Anita Gohdes

Florian Scheuer @florianscheuer.bsky.social · 6h

I am delighted to share that Nobel laureates Esther Duflo and Abhijit Banerjee will join our Department of Economics @econ.uzh.ch at the University of Zurich on July 1, 2026, as Lemann Foundation Professors of Economics.

🧵 1/7

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Reposted by Iikka Korhonen

BOFIT @bofit.suomenpankki.fi · 7h

BOFIT Weekly Review 41/2025
Russia’s new budget framework does not promise support for fading economic growth

Read more 🔗 www.bofit.fi/en/monitorin...

#Russia #economy #BOFITWeeklyReview

Reposted by Iikka Korhonen

Peterson Institute for International Economics @piie.com · 22h

Rather than worrying about the China Shock 2.0 in developed economies, we should be much more worried about the China Shock 1.0 in low- & middle-income countries, Arvind Subramanian says.

Find slides & watch the Global Economic Prospects event here: www.piie.com/events/2025/...

The New China Shock is on Low and Middle Income Countries (LMICs)
High and rising imports of low-skilled products from China
Magnitude and pace of China shock much greater than for rich countries

China Shock 2.0 Exaggerated
Implication: now impact for rich countries is mostly from Chinese high skilled esports
Magnitude and pace of China Shock 2.0 significantly smaller than China Shock 1.0
China SHock 2.0 no longer macro-economic but sectoral/technological/security

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Reposted by Iikka Korhonen

The Insider @theins.press · 22h

Black Mirror hackers publish second part of Rostec archive, revealing cooperation with China on electronic warfare systems

A document to CEO Sergei Chemezov notably proposed partnering with “a group of companies from China” to develop and supply EW tech.

Black Mirror hackers publish second part of Rostec archive, revealing cooperation with China on electronic warfare systems

On Oct. 8, the Black Mirror hacker group released the second part of an archive belonging to Russian state-owned defense corporation Rostec. This tranche contains more than 300 documents, including in...

theins.press

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Reposted by Iikka Korhonen

Peterson Institute for International Economics @piie.com · 1d

TODAY at 1 PM ET: Our semiannual Global Economic Prospects with Karen Dynan's outlook on the US & other economies, Arvind Subramanian on China's external surpluses, & @adamposen.bsky.social on US inflation risks & Fed policy.
Watch here—slides available after the event: www.piie.com/events/2025/...

Global Economic Prospects: Fall 2025

The Peterson Institute for International Economics presents the fall 2025 PIIE Global Economic Prospects, the Institute’s semiannual outlook for the US and global economies. Karen Dynan, nonresident s...

www.piie.com

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Reposted by Iikka Korhonen

Kirsten Ostermann @kirstenostermann.bsky.social · 1d

The UK prepares to realign with EU animal & plant health rules — known as SPS measures — under the terms of the UK-EU ‘reset’ deal. This would effectively mean readopting EU citrus controls, which have become even stricter in the intervening years since Brexit.
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www.politico.eu/article/uk-e...

UK-EU reset leaves sour taste for South African citrus exporters

Importers of citrus fruit seek exemption from EU rules that would apply under Brexit deal.

www.politico.eu

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Iikka Korhonen @iikkakorhonen.bsky.social · 1d

"Cutting off links with Russia has therefore caused pain. But the overall impact on growth has been minor, according to a study by Finland’s central bank. Instead, a loss of investor confidence seems to be more serious."

Christian Odendahl @codendahl.bsky.social · 1d

Wrote a short piece about the economic challenges of frontline states in Europe. 👇

The Economist @economist.com · 1d

How to survive on the border of war

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

"Russia's Center for Macroeconomic Analysis and Short-term Forecasting - an influential research non-profit - said sectors of the economy not connected with the military had contracted by 5.4% since the start of the year."

www.reuters.com/world/europe...

www.reuters.com

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Reposted by Iikka Korhonen

Christian Odendahl @codendahl.bsky.social · 1d

Wrote a short piece about the economic challenges of frontline states in Europe. 👇

The Economist @economist.com · 1d

How to survive on the border of war

Frontline economics: lessons from Russia’s neighbours

How to survive on the border of war

econ.st

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Reposted by Iikka Korhonen

BOFIT @bofit.suomenpankki.fi · 1d

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

"Budjettikehikon mukaan valtiontalouden tulojen odotetaan ensi vuonna kasvavan 9 % ja olevan 81 200 mrd. ruplaa. ...Ensi vuoden alussa arvonlisäveroa aiotaan korottaa kahdella prosenttiyksiköllä 22 prosenttiin. Öljy- ja kaasutulojen arvioidaan kasvavan ensi vuonna vain hieman,"

BOFIT @bofit.suomenpankki.fi · 1d

BOFIT Viikkokatsaus 41/2025
Venäjän uusi budjettikehikko ei lupaa tukea hiipuvalle talouskasvulle

Lue lisää 🔗 www.bofit.fi/fi/seuranta/...

#Venäjä #talous #BOFITViikkokatsaus

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Iikka Korhonen @iikkakorhonen.bsky.social · 1d

Still time to register! Publication of our new #Russia forecast and assessment of Russia's fiscal position as well as plans.

BOFIT @bofit.suomenpankki.fi · 2d

BOFIT will release its update to Russia forecast for 2025–2027 on October 20 in Teams webinar.

Agenda:
BOFIT Russia forecast 2025-2027
Russia’s foreign trade and sanctions

Register for the webinar here: lyyti.fi/reg/BOFIT-Ru...

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

First panel of #rigaconference2025 @baibabraze.bsky.social @latvianmfa.bsky.social @edwardluce.bsky.social @financialtimes.com

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

The Riga Conference 2025

rigaconference.lv

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Iikka Korhonen @iikkakorhonen.bsky.social · 1d

🇫🇮🇺🇸⛴️

Yle News @yle.naamio.social · 1d

The news agency cited an unidentified White House official.

Reuters: Finland about to land $6.1bn icebreaker deal with Trump

The news agency cited an unidentified White House official.

yle.fi

Reposted by Iikka Korhonen

Yle News @yle.naamio.social · 1d

The news agency cited an unidentified White House official.

Reuters: Finland about to land $6.1bn icebreaker deal with Trump

The news agency cited an unidentified White House official.

yle.fi

Reposted by Iikka Korhonen

Yle News @yle.naamio.social · 1d

The Eagle S captain and two crew members have denied any wrongdoing in court.

Prosecutor appeals district court's ruling in anchor-dragging case

The Eagle S captain and two crew members have denied any wrongdoing in court.

yle.fi

1 1

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

Including a few words from yours truly.
”China’s sales pitch here will be appealing to the growing desire for a non-Western political and economic system which sanctions cannot reach—a custodian for nations like…BRICS”🇨🇳
@bofit.suomenpankki.fi @suomenpankki.fi
www.bloomberg.com/news/feature...

Gold’s Record Rally Is Helping China Challenge Trump and the Dollar

Beijing is seizing the opportunity to offer up an alternative to US financial dominance.

www.bloomberg.com

Reposted by Iikka Korhonen

Noah Barkin @noahbarkin.bsky.social · 1d

EU ambassador to China Jorge Toledo: China always asks us to respect their red lines (Taiwan). But they don’t seem to pay any heed to our red lines (support for Russia) #clingendael

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Reposted by Diane Coyle, Iikka Korhonen

Josh Martin @joshmartinecon.bsky.social · 1d

New #productivity data - we build labour productivity estimates for over 180 industries in the UK, more than doubling the detail available from official stats. #econsky

Paper with @escoeorg.bsky.social - www.escoe.ac.uk/publications...

Blog - www.escoe.ac.uk/uk-labour-pr...

UK labour productivity estimates for 184 industries - ESCoE

New research from ESCoE and The Productivity Institute produces UK productivity estimates for 184 industries.

www.escoe.ac.uk

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Reposted by Iikka Korhonen

BOFIT @bofit.suomenpankki.fi · 1d

BOFIT Viikkokatsaus 41/2025
Venäjän uusi budjettikehikko ei lupaa tukea hiipuvalle talouskasvulle

Lue lisää 🔗 www.bofit.fi/fi/seuranta/...

#Venäjä #talous #BOFITViikkokatsaus

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

Helsinki

Iikka Korhonen @iikkakorhonen.bsky.social · 1d

”…foreign companies will need Chinese government approval to export products that contain even trace amounts of Chinese-sourced rare-earth minerals, or that were manufactured using the country’s rare-earth extraction, refining or magnet-making technology”
China following the US..🇨🇳
on.ft.com/48EWEg3

China unveils sweeping rare earth export controls to protect ‘national security’

Beijing is leveraging its dominant position in the critical minerals supply chain

on.ft.com

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Reposted by Iikka Korhonen, Jussi T. Eronen

Finbarr Bermingham @fbermingham.bsky.social · 1d

More news on the rare earth front - could damage EU efforts to build production

China has tightened curbs on rare earths to include items manufactured abroad

China Tightens Exports of Rare Earths and Related Technology

China has tightened curbs on rare earths to include items manufactured abroad, adding a potentially complex layer of restrictions to an industry that’s been a source of intense trade friction between Beijing and Washington.

www.bloomberg.com

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