Research Briefing | Aug 16, 2021

Finland | GDP for 2020 has been revised down

Finland | GDP for 2020 has been revised down

Finland’s GDP for 2020 has been revised down, with a larger contraction in the first half of the year and a stronger rebound in the second half, while Q1 2021 GDP has been revised up from a mild contraction to flat growth. This affects this year’s average, although the near-term outlook is broadly unchanged with a strong rebound in Q2 and Q3. Our forecast for GDP growth this year is now 3.1%, up from 2.5% seen last month, before a slowdown to 2.1% in 2022.

What you will learn:

  • Our 2021 GDP growth forecast is raised to 3.1%, with 2.1% still seen in
    2022
  • We have kept our forecast for household consumption largely unchanged with a rebound of 2.5% q/q in Q2
  • Fixed investment was revised up for 2020, mainly due to government investment

Back to Resource Hub

Related Services

Post

Easing financial conditions offer CRE some respite

Our measure of financial conditions has become less restrictive in the US and started to loosen in the eurozone and the UK, reflecting investors' expectations that interest rates have peaked. This should aid the outlook for commercial real estate (CRE) on the margins, although the scale of past rate hikes, sluggish economies, and structural headwinds mean the sector still confronts challenging fundamentals.

Find Out More

Post

Eurozone key themes 2024 – A fragile recovery will gain impulse

After a year of stagnating activity, the eurozone economy will continue to struggle to gain traction in the near term given multiple headwinds. But we expect a gradual recovery in 2024 that will gather momentum as consumers regain some of their lost purchasing power and financial conditions ease.

Find Out More