Finland Economic Outlook
January 29, 2019The economy appeared to hold up well in the fourth quarter, after growth ticked up slightly in the third quarter due to a surge in inventories and despite falling private consumption, fixed investment and exports. The resilience in Q4 was particularly evident in the labor market as displayed by the unemployment rate in December, which fell to its lowest level since November 2008. Moreover, in November, the current account balance logged a surplus for the first time in over a year on a stronger merchandise trade balance. However, growth likely remained fragile as evidenced by November’s slowdown in economic activity growth, which was weighed on by softening services production.
Finland Economic GrowthEconomic growth is seen moderating this year but should draw strength from a tighter labor market buttressing private consumption and continued accommodative monetary policy from the ECB—despite a gradual tightening—supporting fixed investment. Nevertheless, the government’s ongoing fiscal consolidation will constrain public consumption growth. Met the why particular panelists expect GDP growth of 1.9% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.6% in 2020.
Finland Economy Data
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|Bond Yield||0.36||3.70 %||Feb 14|
|Exchange Rate||8.65||-0.38 %||Feb 14|
|Stock Market||4,112||0.0 %||Feb 14|
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Finland Economic News
February 14, 2019
Economic activity grew a working-day adjusted 2.7% in December compared to the same month a year earlier, up from the significantly-revised 2.6% growth of November (previously reported: +1.8%).
January 15, 2019
Economic activity grew a working-day adjusted 1.8% in November compared to the same month a year earlier, down from the revised 3.2% growth in October, which was previously reported as 2.9%.
January 15, 2019
The current account balance was EUR 0.17 billion in November, contrasting the revised EUR 0.14 billion deficit in October, which was previously reported as a EUR 0.17 billion shortfall.
January 14, 2019
Consumer prices fell 0.1% in December, contrasting the flat reading for November.
December 14, 2018
Consumer prices were stable in November, contrasting the 0.2% rise in October.