Growth expectations have waned as the year has progressed

Economic growth in the early part of the year has proven slower than expected, and no sharp cyclical turnaround is in sight. We expect the international cyclical situation to improve towards the end of the year, which will improve Finland’s export demand. Expectations regarding the number of interest rate cuts this year have been revised downwards, but Finland’s inflation figures would support faster monetary policy easing. Our spring forecast for economic growth and employment in 2024 is less likely to materialise relative to the time of publication. In other respects, our spring forecast continues to appear well-founded. (AI translation)

• Press Release in Finnish
• Publication in PDF-format