Simply short : Pick-up in the economy not expected soon
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi-fe202401264522
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.
Find the accessible version on bofbulletin.fi.