Finland Economic Forecast

Finland Economic Outlook

March 26, 2019

Economic growth accelerated in the fourth quarter of last year compared to the previous quarter, boosted by higher private consumption and a turnaround in fixed investment. Private consumption benefited from a tightening labor market, as reflected by the unemployment rate falling to its lowest level in a decade in December. On the other hand, government consumption declined and the external sector detracted from growth. Turning to this year, the unemployment rate fell again in January, hitting the lowest level since July 2008. Meanwhile, on the political front, the current coalition parties are lagging in the polls as the general election, scheduled for 14 April, edges nearer; opposition parties more open to loosening the public purse strings appear to be in the ascendancy.

Finland Economic Growth

The economy is expected to slow this year, primarily due to moderating government consumption growth on the back of a tight annual budget and slowing fixed investment in an election year. However, private consumption, fueled by a tighter labor market and cheap credit, should buttress the economy. Met the why particular panelists expect GDP growth of 1.8% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.5% in 2020.

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Finland Facts

ValueChangeDate
Bond Yield0.333.70 %Apr 12
Exchange Rate8.49-0.38 %Apr 12
Stock Market4,1880.0 %Apr 12

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