Iikka Korhonen
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iikkakorhonen.bsky.social
Iikka Korhonen
@iikkakorhonen.bsky.social

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

Economics 82%
Political science 9%

Suurlähettiläs Antti Helanterän uusi kirja ulkona! #Siltala

Helsinki. Minus six feels almost warm.❄️
I made a map of 3.4 million Bluesky users - see if you can find yourself!

bluesky-map.theo.io

I've seen some similar projects, but IMO this seems to better capture some of the fine-grained detail
Bluesky Map
Interactive map of 3.4 million Bluesky users, visualised by their follower pattern.
bluesky-map.theo.io

Even before the deal, the number of employment permits Russia issued for Indians jumped to more than 56,000 last year from roughly 5,000 in 2021. The total number of work permits given to foreigners rose to more than 240,000 in 2025, the highest since at least 2017

www.bloomberg.com/news/article...
Russia Turns to India, Sri Lanka for Way Out of Its Labor Crisis
For years, Russia relied on migrants from Central Asia to fill gaps in its workforce. As demographics and the war in Ukraine drive the sharpest labor crisis in decades, recruiters are casting a wider ...
www.bloomberg.com

India has also agreed to remove or reduce high duties on EU industrial products including chemicals, cosmetics and cars, which currently average above 16%... Its tariffs on EU cars will be gradually reduced from 110 per cent to 10%, with a quota of 250,000/year🇮🇳🇪🇺

giftarticle.ft.com/giftarticle/...
India embraces free(er) trade
Narendra Modi’s government pushes historic opening of traditionally insular economy
giftarticle.ft.com

Around a third of respondents said the AI boom could even force the Fed to raise the so-called neutral rate — at which borrowing costs are neither boosting or weighing on demand — slightly.
🇺🇸
giftarticle.ft.com/giftarticle/... Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts
Economists reject Kevin Warsh’s claim that AI boom will enable rate cuts
FT-Booth Survey shows scepticism of productivity gains forecast by Trump’s pick as next Fed chair
giftarticle.ft.com
52 percent of U.S. adults say Trump has made the economy worse, vs 28% who say we are better off because of him www.gelliottmorris.com/p/americans-...
52 percent of U.S. adults say Trump has made the economy worse
Three major polls this week show Americans remain deeply pessimistic about affordability, opportunity, and their economic future. Your weekly political data roundup for February 8, 2026.
www.gelliottmorris.com

Reposted by Iikka Korhonen

"World Liberty has earned the Trump family at least $1.2 billion in cash in the 16 months since its launch, not counting paper gains of at least $2.25 billion from various crypto holdings...The Witkoffs have earned at least $200 million from World Liberty."
One Generation Runs the Country. The Next Cashed In on Crypto.
Sons of top Trump administration officials made billions for their families, but their investors didn’t always fare so well.
www.wsj.com

Reposted by Iikka Korhonen

"A bank closely linked to oil major Rosneft has become the first among Russia’s top 10 lenders by assets to post a net loss, highlighting mounting strains in the country’s banking sector" Credit Bank of Moscow (MKB), Russia’s seventh-largest bank by assets and holder of

Any excuse to crack open this beauty…

Reposted by Iikka Korhonen

North Korean troops in Kursk are being rotated regularly under a bilateral agreement with Moscow to gain combat experience. 🇰🇵 forces are operating surveillance drones, clearing mines, & conducting artillery strikes from southern Russia, according to 🇺🇦 mi. intelligence. www.wsj.com/world/asia/n...
North Korean Soldiers Provide More Advanced Support for Russia’s War on Ukraine
Forces from North Korea are now operating drones and removing mines, illustrating the improvement in their combat skills.
www.wsj.com

Street-walking Cheetah still on the Loose…
Released 53 years ago today

Raw Power, the third studio album by The Stooges, featuring the self-titled titelrack

Iggy and the Stooges | Raw Power | Live in Sydney

with Mike Watt on bass ❤️

#punk #punkrock #protopunk #thestooges #iggy #iggypop #history #punkrockhistory #otd
Me on this week's market reshuffle and the sad tale of its biggest victim, bitcoin 😢 - as.ft.com/r/c5d0ea1a-d...
Tech wreck signals a market reset
[FREE TO READ] Rising tide might no longer support all sector stocks, let alone speculative dross like crypto
as.ft.com
⚡️Zelensky says Russia presented $12 trillion economic plan to US, called 'Dmitriev package.'

President Volodymyr Zelensky described it as a proposed framework for large-scale U.S.-Russia economic cooperation.
Zelensky warns of 'risk' US, Russia could strike bilateral deals on Ukraine without Kyiv
"We clearly state that Ukraine will not support even potential agreements about us without us," President Volodymyr Zelensky said.
kyivindependent.com

Reposted by Iikka Korhonen

Talking points from Moscow: How RT and the GRU set the agenda on German-language Telegram #Ukraine
Event 1c83c7cf... — Hybrid War Tracker
hwt.lv

Reposted by Iikka Korhonen

Released 53 years ago today

Raw Power, the third studio album by The Stooges, featuring the self-titled titelrack

Iggy and the Stooges | Raw Power | Live in Sydney

with Mike Watt on bass ❤️

#punk #punkrock #protopunk #thestooges #iggy #iggypop #history #punkrockhistory #otd
In an unmistakable sign of Europe’s rapidly dimming view on America, the U.S. delegation entered the Milan Cortina Opening Ceremony to a chorus of boos and disapproving whistles from the international crowd of more than 65,000. on.wsj.com/3ZUmCq1

Opening of Winter Olympics🇺🇦

Reposted by Iikka Korhonen

VoxTalks Economics episode: What should Europe do about Trump?

@wederdim.bsky.social and @upanizza.bsky.social @gvagrad.bsky.social talk with @talknormal.co.uk about Europe’s options in response to recent #US policy shifts — from trade to geopolitical strategy.

👉 cepr.org/multimedia/w...
#EconSky

Reposted by Iikka Korhonen

The most interesting story in global markets right now isn’t “Sell America.”

It’s that reallocating capital toward faster-growing, less-correlated economies could raise returns and reduce risk at the same time.

My Essay for #Bloomberg on why this is good news!

www.bloomberg.com/news/article...
Global Capital’s Break With the US Is Long Overdue
Trump’s policies have accelerated an overdue shift, as US market advantages fade and investors reassess their heavy exposure to American assets.
www.bloomberg.com

Good blog by @agnesbq.bsky.social on global imbalances.
Current account surplus of China and euro area about the same size. But I think it is much more likely the EA will rebalance via higher investment rate (now 21-23%/GDP) than China via lower savings (43-45%)

www.banque-france.fr/en/governors...
Global imbalances: old wine in a new bottle | Banque de France
Agnès Bénassy-Quéré, January 2026
www.banque-france.fr

”Average monthly per capita disposable income was slightly above 3,600 yuan (445 euros). The median income was lower at 3,000 yuan (370 euros)… disposable household income consisted of 56 % wage earnings, 8 % capital income, 17 % income from business activities and 19 % from income transfers.”🇨🇳
​BOFIT Weekly Review 6/2026
Growth in household incomes kept pace with overall economic growth in China last year

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

#China #economy #BOFITWeeklyReview

Reposted by Iikka Korhonen

German chamber of commerce in China says Trump is pushing big biz to Beijing

“It’s difficult to compare the relatively stable & predictable trade relations with China with these erratic ups and downs that are currently characterising relations with US"
Stung by Trump’s policies, German multinationals cautiously pivot towards China
German firms are keen to invest more in China as they shy away from the US, but they still face issues in the Chinese market, business group says.
www.scmp.com

Reposted by Iikka Korhonen

​BOFIT Weekly Review 6/2026
Growth in household incomes kept pace with overall economic growth in China last year

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

#China #economy #BOFITWeeklyReview

Reposted by Iikka Korhonen

International travel to the US has plunged in the first year of Trump's second term. Erik Hansen of the US Travel Association says foreign visitors declined by roughly 11 million last year, equivalent to $50 billion in lost spending.
www.ft.com/content/8f6d...
Donald Trump’s policies dent international travel to US in blow to tourism sector
Foreign visitors to the US fell 4.2% in 2025, while international travel worldwide rose 4%
www.ft.com

”Kotitalouksien keskimääräinen henkeä kohti laskettu käytettävissä oleva tulo oli hieman yli 3 600 juania (445 euroa) kuukaudessa. Mediaanitulo oli hieman matalampi (3 000 juania, 370 euroa).”
🇨🇳
2024 keskipalkka (sisältää bonukset ym. lisäkorvaukset) oli 8 540 juania (noin 1 100 euroa) kuukaudessa.”
​BOFIT Viikkokatsaus 6/2026
Kotitalouksien tulot kasvoivat Kiinassa samaa vauhtia talouden kanssa viime vuonna

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

#Kiina #talous #BOFITViikkokatsaus
New Brunswick, an east coast Canadian province of about 900,000 people, will no longer use billionaire Elon Musk’s social media platform X for routine government communications, its leader announced
Canadian Province New Brunswick to Quit Using Elon Musk’s X
New Brunswick, an east coast Canadian province of about 900,000 people, will no longer use billionaire Elon Musk’s social media platform X for routine government communications, its leader announced Thursday.
bloom.bg

Still time to register!
Next week! BOFIT Seminar - Jan Fidrmuc (Université de Lille) - Russia’s Wartime Economy: Measuring Regional Inequalities from Outer Space. Read more and register www.suomenpankki.fi/en/news-and-...

Reposted by Iikka Korhonen

Today's reminder that free trade (along with international cooperation and more immigration) is the Actual Popularism

bsky.app/profile/mcop...