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Finland's economy will gradually recover from the sudden shutdown
(29.06.2020)
Bank of Finland. Bulletin 3/2020
Bank of Finland. Bulletin 3/2020
The Finnish economy is experiencing a sharp contraction on account of the coronavirus pandemic. Gross domestic product will decline by around 7% this year and grow around 3% per annum in 2021 and 2022. The forecast contains ...
Bank of Finland forecast : Finland's economy booming
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Finland's economic growth will continue and remain broadly based. Strong global demand, improved cost-competitiveness, growth in household income and favourable financing conditions will all support growth over the forecast ...
Finland’s long-term growth prospects moderate
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
The protraction of the recession following the financial crisis weakened Finland's growth potential, while population ageing and the accumulation of public debt continue to weigh on growth prospects. In spite of the economy's ...
Alternative scenario : Clouds over the global economy
(06.07.2018)
Bank of Finland. Bulletin 3/2018
Bank of Finland. Bulletin 3/2018
Finland is a small open economy, and uncertainties in the global economy are also strongly reflected in Finland. The calculations presented here illustrate uncertainties relating to export and GDP forecasts by means of fan ...
Forecast for the Finnish economy : Finnish economy set to slide into recession
(25.01.2023)
Bank of Finland. Bulletin 4/2022
Bank of Finland. Bulletin 4/2022
Growth in the Finnish economy for the full year 2022 will amount to 1.9%, following strong activity in the early part of the year. The high level of inflation has, however, eroded households’ purchasing power, and consumer ...
Alternative scenario : Household consumption could be hard hit in the energy crisis
(25.01.2023)
Bank of Finland. Bulletin 4/2022
Bank of Finland. Bulletin 4/2022
The alternative scenario in the Bank of Finland’s forecast for the Finnish economy examines risks surrounding the Bank’s December 2022 baseline forecast which, should they materialise, could lead economic growth to be ...
Simply short : Growth in Finland’s economy close to zero this year
(20.06.2023)
Bank of Finland. Bulletin 2/2023
Bank of Finland. Bulletin 2/2023
Prices have risen sharply and mortgage costs are taking a larger slice of household income. Consumption for the full year 2023 will be down slightly from last year, although household purchasing power has already started ...
From shallow recession to moderate growth
(05.07.2023)
Bank of Finland. Bulletin 2/2023
Bank of Finland. Bulletin 2/2023
The Finnish economy will contract by 0.4% in 2023 as inflation, tighter monetary policy and weak export demand weigh on growth across a broad front. Inflation is nevertheless falling this year, and this is already improving ...
Finnish economy in hibernation : Interim forecast March 2023
(04.04.2023)
Bank of Finland. Bulletin
Bank of Finland. Bulletin
The Finnish economy slipped into recession last autumn as a result of the energy crisis brought on by Russia’s war in Ukraine. The economy's weak performance will continue this year, as it takes time for the effects of ...
Forecast for the Finnish economy (December 2023) : Finland’s economy is in recession and the recovery will be slow
(19.12.2023)
Bank of Finland. Bulletin 5/2023
Bank of Finland. Bulletin 5/2023
The Finnish economy is in recession. GDP will contract by 0.5% in 2023 and by 0.2% in 2024. The weakness in the economy is widespread. However, households’ purchasing power is improving as inflation slows rapidly. In ...