Omicron wave is expected to have a mild impact on the Finnish economy
Our forecast for Finland’s GDP growth is 2.3% this year and 1.5% in 2023, both unchanged from last month. Despite a recent surge in Covid cases related to the spread of the Omicron variant, formal restrictions remain light and pressure on hospitals is limited.
What you will learn:
- After a relatively weak Q4 2021 and Q1 2022, we expect the economy to accelerate, but the evolution of the pandemic remains the key risk in the coming months.
- Consumer confidence fell further in December but remains above the level of a year ago.
- The employment rate has already recovered to its pre-pandemic level and the unemployment rate was down to 6.8% in November, while companies in construction and industry report large labour shortages.
Tags:
Related research
Post
Maintenance in Australia: 2023 Edition | Executive Summary
Australia’s maintenance market is estimated to have increased to $53.5bn in FY22, driven by road rehabilitation following flooding along the east coast of Australia. Road maintenance expenditure will continue to be supported over the near-term by Federal and State government programs. Mining maintenance spending will be buoyed by elevated commodity prices, and increased maintenance requirements on recently built LNG facilities.
Find Out More
Post
Australia: Roadblocks cleared for build-to-rent in Australia
The pipeline of build-to-rent (BTR) developments across Australia continues to swell, with our project tracking currently capturing a pipeline of circa 45,000 announced units. Around 5,900 units have broken ground in FY2023, with a further 15,000 geared to commence across FY2024 and FY2025.
Find Out More