Macro - Country Economic Forecasts - Finland

Macro - Country Economic Forecasts - Finland

We have lowered our GDP growth forecast for Finland this year to 1.7% from 2.3% previously due to its high exposure to the fall-out from Russia's invasion of Ukraine. As well as inflation being higher for longer, which will squeeze real incomes and dent consumption, Russia accounts for 10% of Finland's goods trade, among the highest in Europe. We expect the economy to remain flat in Q1 and contract in Q2, before rebounding in H2, with 1.8% expansion now seen in 2023.

Finland: Growth forecast cut to 1.7% due to high exposure to Russia
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
term prospects
Economic development
Structure of the economy
Balance of payments and structure of trade

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