Forecast growth continues in Finland, if economic growth does not stall elsewhere

The possibility of a new eurozone crisis has emerged as a threat alongside the trade war

The Labour Institute for Economic Research (PT) assumed in its April 2018 forecast that economic growth would continue strongly in the current year and slow somewhat next year. PT’s economic growth forecasts for 2018 and 2019 were 3.1 and 2.7 percent respectively.

Statistics Finland’s subsequently published first quarterly national accounts for 2018 point to the continuation of strong growth, and several forecasting institutions — including the Bank of Finland and the Ministry of Finance — have updated their economic growth figures for the current year closer to PT’s optimistic estimates. The production cycle indicator dipped downward in March (possibly due only to random variation), but, for example, consumer confidence, which has remained strong, points to the continuation of growth. (AI translation)

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