Bank of Finland Bulletin 4/2025 : Forecast for the Finnish economy, June 2025

Trade war will slow the growth in Finland’s economy 3
New obstacles to Finland’s economic recovery 5
Trade war escalation poses significant risk for Finnish economy 30
Labour market flows run deeper – Participation has raised both
employment and unemployment 40
How would higher defence spending affect Finland’s economic
growth? 53
Forecast tables for 2024–2027 (June 2025) 64

Find the accessible version on bofbulletin.fi.