Economic Survey: Autumn 2016
Julkaisusarja:Ministry of Finance publications 31c/2016
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Julkaisun pysyvä osoite onhttp://urn.fi/URN:ISBN:978-952-251-795-1
The Finnish economy is predicted to post year-on-year growth of 1.1% in 2016. Over the next two years growth will hover around 1%, and cumulative growth for the whole outlook period will reach no more than some 3%. Despite the slight rebound, the outlook for Finland’s immediate future is one of continued economic weakness. The 2018 forecast is that GDP will still be some 3% lower than in 2008, and that industrial output will be around one-fifth lower than 10 years ago. The performance of exports will remain weaker than global trade, and therefore Finland will continue to lose market shares in world trade. In the next few years ahead private consumption and investment will be the main drivers of economic activity. In the medium term potential output growth, which reflects the level of output possible given the resources on hand, will be less than 1%