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||0.46||3.70 %||Jan 29|
|Exchange Rate||8.43||-0.38 %||Jan 30|
|Stock Market||4,023||0.0 %||Jan 30|
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Finland Economic News
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus.
April 16, 2019
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year).
April 15, 2019
Consumer prices rose 0.1% in March compared to the previous month, down from the 0.5% rise in February.
March 21, 2019
According to the latest opinion polls, Prime Minister Juha Sipila’s Centre Party, which currently heads the three-party coalition government, is set to lose its grip on power after the general elections on 14 April, and a shift towards the left of the political spectrum is increasingly foreseeable.
March 15, 2019
The current account balance rose to a EUR 0.84 billion surplus in January, contrasting the revised EUR 0.22 billion deficit in December, which was previously reported as a EUR 0.46 billion shortfall.