Finland’s GDP will increase by 0.2 per cent in 2015, after which growth will accelerate to 1 per cent in 2016 and to 1.3 per cent in 2017.
Export- and investment-led growth requires the continuation of wage moderation and an improvement in competitiveness and recovery of export markets in the expected manner.
The euro area continues its cautious recovery; the US economy is still growing rapidly while China’s growth is slowing down.
The volume of Finnish exports will decrease by one per cent in 2015 while in 2016 growth is expected to be approximately 2.5 per cent.
Private consumption is increasing by only 0.7 …read more