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.
Tags:
Related Services
Post
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out More
Post
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More