The Bank of Finland estimates in its recent economic forecast that this year the national output will not grow from the previous year, with economic indicators suggesting that the Finnish economy will not begin its expansion until late this year. In 2015 and 2016, the economy is expected to grow by roughly 1.5 per cent. Initially, the growth will be spurred by the rising demand for Finnish exports stemming from the recovery of the euro area and other key export markets for Finnish businesses.
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Bank of Finland foresees no growth in 2014
“In Europe, the demand for investments is developing in a positive direction, and Finland exports an abundance of investment products,” points out Juha Kilponen, the head of forecasting at the Bank of Finland.