Views Article – Sharenet Wealth

Europe, News

Finnish finance ministry raises GDP outlook

(Adds details)

HELSINKI, Sept 27 (Reuters) – The Finnish economy will expand by 3.3% in 2021 and 2.9% in 2022, the finance ministry said in an economic outlook on Monday.

In its previous outlook published in May 2021, the ministry estimated that gross domestic product would grow by 2.6% in 2021 and by 2.5% in 2022.

After next year, the ministry estimates economic growth will slow down and lowered its growth projection from 1.5% to 1.4% for 2023.

“Finnish public finances have continuously been in deficit since 2009,” senior financial adviser Maija Paavonen said in a press conference.

She added that the government should start preparing for raising lending costs and for spending more due to its ageing population. (Reporting by Essi Lehto; Editing by Hugh Lawson)


© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.