Accessible summary : The economic boom is over

Abstract

Economic growth has slowed in the euro area and in Finland’s other important export markets. As a consequence of the weaker trend in the international economy, Finland’s annual economic growth will slow temporarily in 2020 to under 1%. Both the euro area and the global economy will, however, begin to gradually recover and provide a pull for the Finnish economy, too. Finland’s GDP growth will therefore pick up a little, to 1.1% in 2021 and 1.3% in 2022.