Finland's cyclical expansion bolstered by investment and export growth

Abstract

The Finnish economy entered a phase of cyclical recovery in mid-2015. After several years of contraction and zero growth, Finnish GDP grew by 1.9% in 2016. Growth has continued to accelerate during the course of 2017. The current cyclical upturn has been supported by growth in exports and investment. Finland’s economy has also benefited from the broader recoveries seen in both the euro area and the global economy.