General overview of the economy in 2024–2025

Sectoral Reports Juho Koistinen

Economic outlook 2024–2025

In the Labour Institute for Economic Research LABORE sector forecast, the economic outlook for the main sectors of the private sector is examined for the years 2024 and 2025. Economic growth has been slower than expected in early 2024, but cautious indications of more promising developments are visible. There remains uncertainty in export markets, which may prolong the economic downturn in Finland. Positive development in household real incomes, on the other hand, creates optimism about more favourable times ahead, which improves the outlook particularly for service sectors. The period of monetary policy tightening is behind us, and interest rates are expected to continue declining in 2024–2025. (AI translation)

Photo: Talpa, Pixabay.
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