Finland Economic Outlook
September 25, 2018Economic growth slowed in the second quarter of 2018. The quarter-on-quarter expansion in both government consumption and fixed investment moderated in Q2 compared to the first quarter. However, private consumption grew faster in Q2 as the jobless rate fell to a near one-decade low in June. Furthermore, the external sector contributed to economic growth in Q2. Turning to Q3, the panorama looks mixed thus far: Economic activity increased at the weakest annual pace in three months in July due to anemic growth in services production; while in the same month the current account balance recorded a surplus for the first time in nine months. Looking ahead, the government submitted its 2019 budget to parliament in September, which contains EUR 0.5 billion less spending than this year and EUR 1.8 billion more projected revenue.
Finland Economic GrowthBoth this year and next, economic growth should be underpinned by lower unemployment and robust fixed investment growth, which will likely benefit from accommodative monetary policy and high business confidence. However, the government’s ongoing fiscal consolidation is expected to constrain public consumption growth. Met the why particular panelists expect GDP growth of 2.7% in 2018 and 2.1% in 2019, which is down 0.1 percentage points from last month’s forecast.
Finland Economy Data
5 years of Finland economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.76||3.70 %||Oct 16|
|Exchange Rate||8.15||-0.38 %||Oct 16|
|Stock Market||4,082||0.0 %||Oct 16|
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Finland Economic News
September 19, 2018
The current account balance improved in July, hitting a surplus for the first time in nine months.
September 14, 2018
Economic activity grew a working-day adjusted 1.5% in July compared to the same month last year, down from the revised 2.8% expansion in June (previously reported: +3.0% year-on-year). The economy observed a broad-based slowdown in July.
August 31, 2018
Although the economy expanded for the 11th consecutive quarter, economic growth slowed in the second quarter of 2018 compared to the first quarter.
August 15, 2018
The current account balance improved in June but nevertheless remained in a deficit for the fourth consecutive month.
August 14, 2018
Economic activity grew a working-day adjusted 3.0% in June compared to the same month last year, down from the revised 3.6% expansion in May (previously reported: +3.4% year-on-year). Economic activity dynamics were mixed in June.