Considerable progress has been made in bringing inflation down to target, especially since September 2023, when interest rates were last raised. Financing conditions have been held tight in order to curb demand and to keep inflation expectations anchored. Interest rates could now be cut.
The Finnish economy is gradually recovering from the recession. Consumer confidence in the economy will steadily improve, which will encourage households to spend more. When the economy picks up, jobs will also be created.
The Finnish economy is recovering from the recession. The move out of recession will be slow, and the output of the Finnish economy in 2024 will in fact be below the level of the previous year.
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