Nordea has raised its GDP forecast and now expects Finland’s GDP to grow by 1.3% this year and 1.5% next year. According to Nordea’s economists, the outlook of the global economy has improved significantly starting from the end of 2016 and world trade has finally started picking up. Economic growth in Finland will expand from domestic consumption and housing construction to all demand categories, and economist Pasi Sorjonen expects also exports to start supporting growth this year thanks to the improved situation in world trade. Chief Economist Aki Kangasharju points out that the Finland is still facing challenges as labour market negotiations begin in the autumn and the economy demands reforms.
Journalist: Jorma Pöysä
Main source: Nordea’s economist Pasi Sorjonen