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16 Economics

Economic analysis shapes policy. Reports from central banks, ministries, and research institutions must communicate complex concepts accurately across languages. Pauhu's Economics domain handles technical economic content with precision.


Domain Coverage

The EuroVoc Economics domain includes:

Sub-domain Examples
1606 Economic policy Fiscal policy, monetary policy, structural reforms
1611 Economic situation Growth, recession, business cycles
1616 Regions and regional policy EU cohesion, regional development
1621 Economic structure Sectors, GDP composition, productivity
1626 National accounts GDP, GNI, economic statistics
1631 Economic analysis Forecasts, modeling, indicators

Central Bank Communications

Monetary Policy Statements

from pauhu import Pauhu

client = Pauhu()

# Translate central bank statement
statement = client.translate(
    text="""
    The Governing Council today decided to keep the key ECB
    interest rates unchanged. Based on our current assessment,
    we expect them to remain at their present levels for an
    extended period of time.

    Inflation is projected to average 2.3% in 2025, before
    declining to 1.9% in 2026.
    """,
    target="fi",
    domain="16 Economics",
    subdomain="monetary_policy",
    institution="central_bank"
)

Monetary Policy Terms

English Finnish Context
interest rate korko Policy rate
inflation inflaatio CPI-based
quantitative easing määrällinen keventäminen QE
forward guidance ennakoiva viestintä Policy communication
price stability hintavakaus ECB mandate

Economic Research

Academic Economics

# Translate economic research paper
paper = client.translate(
    text=economic_research_abstract,
    target="fi",
    domain="16 Economics",
    subdomain="economic_analysis",
    style="academic",
    options={
        "preserve_equations": True,
        "statistical_terms": True
    }
)

Research Terminology

English Finnish Field
GDP (Gross Domestic Product) BKT (bruttokansantuote) National accounts
elasticity joustavuus/elastisuus Microeconomics
regression regressio Econometrics
coefficient kerroin Statistics
confidence interval luottamusväli Statistics
standard deviation keskihajonta Statistics

Economic Policy Documents

Government Economic Policy

# Translate economic policy document
policy = client.translate(
    text="""
    ECONOMIC POLICY FRAMEWORK 2025-2028

    Key targets:
    - GDP growth: 2.0% average
    - Unemployment: below 6%
    - Public debt: declining trajectory
    - Investment: 24% of GDP

    Structural reforms:
    - Labor market flexibility
    - Pension system sustainability
    - Digital transformation
    """,
    target="en",
    domain="16 Economics",
    document_type="policy_document",
    institution="government"
)

Policy Terms

English Finnish Context
fiscal policy finanssipolitiikka Government spending/taxation
structural reform rakenteellinen uudistus Long-term changes
austerity talouskuri Spending cuts
stimulus elvytys Economic boost
debt-to-GDP ratio velkasuhde Public finance

EU Economic Governance

European Semester

# Translate EU economic document
eu_econ = client.translate(
    text=country_specific_recommendation,
    target="fi",
    domain="16 Economics",
    compliance=["EU_Semester", "SGP"],
    document_type="country_report"
)

EU Economic Terms

English Finnish Framework
European Semester eurooppalainen ohjausjakso EU governance
Stability and Growth Pact vakaus- ja kasvusopimus Fiscal rules
excessive deficit procedure liiallisen alijäämän menettely Enforcement
country-specific recommendations maakohtaiset suositukset Policy guidance
recovery and resilience elpyminen ja palautuminen RRF

Regional Economics

Cohesion Policy

# Translate regional development document
regional = client.translate(
    text="""
    REGIONAL DEVELOPMENT PROGRAMME

    Priority axes:
    1. Smart specialisation and innovation
    2. Green transition and sustainability
    3. Digital connectivity
    4. Social inclusion and skills

    EU co-financing: 60%
    National co-financing: 40%
    """,
    target="fi",
    domain="16 Economics",
    subdomain="regional_policy",
    funds=["ERDF", "ESF+"]
)

Regional Policy Terms

English Finnish Fund
cohesion policy koheesiopolitiikka EU structural
ERDF EAKR Regional development
ESF+ ESR+ Social fund
Cohesion Fund koheesiorahasto Infrastructure
smart specialisation älykäs erikoistuminen RIS3

Economic Statistics

Statistical Reports

# Translate statistical publication
statistics = client.translate(
    text=gdp_release,
    target="fi",
    domain="16 Economics",
    subdomain="statistics",
    options={
        "preserve_numbers": True,
        "statistical_methodology": True,
        "seasonally_adjusted": True
    }
)

Statistical Terms

English Finnish Usage
seasonally adjusted kausitasoitettu Time series
year-on-year vuositasolla Growth rate
quarter-on-quarter neljännestasolla Short-term
preliminary ennakollinen Early estimate
revised tarkistettu Updated data
baseline perusura Scenario analysis

Economic Forecasting

Forecast Publications

# Translate economic forecast
forecast = client.translate(
    text="""
    ECONOMIC FORECAST - SPRING 2025

    The economy is expected to grow by 1.8% in 2025,
    supported by private consumption and exports.

    Key assumptions:
    - Oil price: USD 75/barrel
    - EUR/USD: 1.08
    - Global trade growth: 3.5%

    Risk factors:
    - Geopolitical uncertainty
    - Energy price volatility
    - Interest rate sensitivity
    """,
    target="fi",
    domain="16 Economics",
    document_type="forecast"
)

Forecast Terminology

English Finnish Type
baseline scenario perusura Central forecast
upside risk nousupuolen riski Better outcome
downside risk laskupuolen riski Worse outcome
sensitivity analysis herkkyysanalyysi Impact testing
confidence band luottamusväli Uncertainty range

Quality Assurance

Economics QA

Check What It Validates
Numerical accuracy All statistics preserved
Technical terminology Correct economic terms
Institutional style Appropriate register
Statistical notation Proper symbols/abbreviations
Time series consistency Periods correctly translated

Finnish Economic Context

Bank of Finland

# Translate Bank of Finland publication
bof = client.translate(
    text=bof_bulletin,
    target="en",
    domain="16 Economics",
    institution="suomen_pankki",
    options={
        "monetary_terminology": True,
        "ecb_alignment": True
    }
)

Finnish Economic Institutions

Institution Finnish Role
Bank of Finland Suomen Pankki Central bank
Ministry of Finance Valtiovarainministeriö Fiscal policy
Statistics Finland Tilastokeskus Official statistics
VATT VATT Economic research
ETLA Etla Business research

Getting Started

Quick Start

from pauhu import Pauhu

client = Pauhu()

# Translate economic content
result = client.translate(
    text="GDP grew by 2.1% year-on-year in Q3.",
    target="fi",
    domain="16 Economics"
)

print(result.translation)
# "BKT kasvoi 2,1 % vuositasolla kolmannella neljänneksellä."

Economics Project Setup

# Create economic research project
project = client.projects.create(
    name="Economic Outlook 2025",
    domain="16 Economics",
    languages=["en", "fi", "sv"],
    settings={
        "statistical_terminology": True,
        "preserve_numbers": True,
        "institution": "ministry"
    }
)

Learn More