An economic review published by the Ministry of Finance on Wednesday indicates that the Finnish economy will expand by no more than 0.2 per cent this year. Thereon, the economy is forecast to expand by 1.4 per cent in 2015 and by 1.6 per cent in 2016. The Ministry of Finance has thereby lowered its projection for both this year, by 0.3 percentage points, and 2016, by 0.2 percentage points. Its growth forecast for 2015, in turn, remains unchanged.
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Ministry of Finance downgrades forecast for 2014
With the exception of public investments, all demand components will in 2015 contribute to the recovery of the Finnish economy, according to the ministry. The value of exports is forecast to increase by 4.6 per cent.