Simply short : Finnish economy set to slide briefly into recession

Abstract

Rising electricity and fuel prices have accelerated the increase in other prices. The resulting high level of inflation is weakening consumers’ purchasing power and general confidence in the economy. The energy crisis will push the Finnish economy into a mild recession in 2023, but this will be short-lived. Energy prices will gradually fall, and in 2024 the economy will return to growth. In the country’s public finances, spending will continue to exceed revenues.