Bank of Finland: Recovery of Finnish economy to be delayed
THE ECONOMIC OUTLOOK for Finland has soured notably, with the national economy now expected to be mired in recession in 2023 and barely grow in 2024.
The Bank of Finland on Friday unveiled its latest interim forecast, revealing that it expects the gross domestic product to contract by 0.2 per cent this year and grow by only 0.2 per cent next year. Three months earlier the central bank was expecting the economy to contract by 0.4 per cent this year but expand by 0.9 per cent next year.