The Finnish economy will contract by 0.3 per cent this year, Aktia Bank predicts in its economic review published on Tuesday. Aktia thereby became the first forecaster to put into words what has been dreaded: no turn for the better occurred in early 2014 and no robust recovery is expected for the latter half of the year. Economic growth, Aktia estimates, will also remain modest next year.
HS in English
Aktia expects Finnish economy to contract
In 2015, the Finnish gross domestic product will only grow by 1.3 per cent, as the demand for Finnish exports picks up and contributes toward the gradual stabilisation of domestic markets. The Finnish unemployment rate is forecast to creep up to 8.