Bank of Finland's interim forecast: economy in hibernation
The Finnish economy is expected to remain in a state of hibernation, according to Suomen Pankki's latest forecast. The country slipped into a recession in the fall of 2022 due to the energy crisis caused by Russia's aggressive war. The effects of unusually rapid inflation and significantly rising interest rates will have a delayed impact on the economy. However, the recession is expected to be short and mild. The turbulence in international financial markets increases economic uncertainty and may lead to weaker-than-expected economic growth in Finland.