Finnish economy – Bank of Finland Bulletin

From shallow recession to moderate growth

Growth in Finland’s economy this year will be close to zero. The declining level of inflation will gradually improve household purchasing power and boost growth in the economy.

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Economic recovery will be delayed

Finnish households’ purchasing power is improving – The economy’s long-term challenges are acute

Alternative scenario: Core inflation could be higher than anticipated in the immediate years ahead

Savings help households cope with rising interest rates

Corporate profits not indicating changes in firms’ pricing strategies

Growth in Finland’s economy close to zero this year

Forecast tables for 2023–2025 (June 2023)

Finnish economy in hibernation

Finnish economy set to slide into recession

Household consumption could be hard hit in the energy crisis

Finland’s crisis-hit public finances need strengthening

Finland’s public debt sustainability and fiscal consolidation needs

Conditions for sustainable economic growth must be ensured

Finnish economy set to slide briefly into recession

Forecast tables for 2022–2025 (December 2022)

Interim forecast: Energy crisis will shrivel growth in Finnish economy

Forecast: Russia’s war in Ukraine is stifling Finland’s economic recovery

Cost competitiveness is key in replacing lost trade with Russia

Alternative scenario: Russia’s war in Ukraine could lead to a recession in Finland