Finland | Q3 GDP growth in line with our expectation

Finland’s GDP rose 0.9% in Q3 based on the flash estimate, in line with our forecast. High-frequency indicators show that the economy remains resilient amid mounting downside risks related to supply-chain bottlenecks and surging energy prices.

What you will learn:

• Virus transmission remains contained even after all restrictions were lifted, as almost 85% of adults are fully vaccinated.
• We expect solid growth in the near term; our forecast for GDP growth this year is 3.5% before a slowdown to 2.3% in 2022, both the same as last month.
• Consumer confidence in October moderated from the multi-year high in September, when all pandemic restrictions were lifted.