The Finnish economy will grow 2.9% in 2021 and 3.0% in 2022. Growth will be bolstered by private consumption and the recovering export markets. Long-term growth will, however, be weak. In 2023, GDP growth will slow to 1.3%.
The financial position of households and businesses has on average remained good through the crisis, with the exception of the service industries directly impacted by COVID-19. Support measures have weakened the public finances.
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