Macro - Country Economic Forecasts - Finland

Macro - Country Economic Forecasts - Finland

We expect Finland's GDP to grow by 0.4% in 2023 and 0.8% in 2024, as we think the economy will struggle in the near term before activity improves next year. Finland's economy proved resilient in H1 2023, but monthly indicators point to a deterioration in Q3. Headwinds in the form of high interest rates and weak demand dominate, although inflation has dropped significantly since its peak, boosting real incomes.