Simply short : Pick-up in the economy not expected soon
(19.12.2023)
Volyymi
97Numero
05/2023Julkaisija
Bank of Finland
2023
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi-fe202401264522Tiivistelmä
Finland’s economy is in recession and will not start to pick up until the end of 2024. The prices of goods and services have remained high since the earlier peak in inflation, and elevated interest rates on loans are further weakening the purchasing power of households. Inflation is nevertheless slowing, which will improve purchasing power. Consumers remain cautious, however. The slump in housing construction is undermining the basis for a pick-up in the economy. Despite cuts in public spending, expenditure will continue to exceed public revenues in the immediate years ahead.
Julkaisuhuomautus
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