Interim forecast : Energy crisis will shrivel growth in Finnish economy

Abstract

The economy in Finland is weakening after a strong start to the year. The energy crisis and rising inflation have increased the risk of a recession, and the economy is expected to contract slightly in 2023. The faltering economy is signalling an end to the favourable employment trend. Inflation will remain high for the time being. The upward pressures on consumer prices will not subside until next year.