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
Tags:
Related Services
Post
BoK’s monetary policy to tighten even as hiking cycle ends
Even without rate hikes, central banks' monetary policies can effectively tighten if the nominal neutral rate falls below the policy rate. We expect this will be the case for the Bank of Korea this year, as the gap between the policy rate and the nominal neutral rate widens.
Find Out More
Post
China: Emerging green shoots in Spring, but not out of the woods
We now incorporate a faster recovery from the post-Covid exit wave and raise our 2023 full-year GDP growth forecast to 4.5% (from 4.2% previously).
Find Out More