Finland | We expect a strong rebound in Q2
Following a mild contraction in Q1, the Finnish economy is now in the early
stages of a broad-based recovery. Most national restrictions have been eased, reflecting a fall in Covid cases, and 75% of the adult population having received at least one vaccine dose, among the highest in the EU. Our forecast for growth this year is unchanged at 2.5%, before a slowdown to 2.1% in 2022.
What you will learn:
- In the near term, mobility data indicate a strong consumer-led rebound in Q2
- We have kept our forecast for household consumption largely unchanged
- Exports will need to make a greater contribution to the recovery as consumer spending slows in late-2021 and into 2022
Tags:
Related Services
Post
Why an ageing population doesn’t mean soaring inflation
What’s the future for inflation? Joachim Nagel, the new president of Germany's central bank, believes the rapidly ageing global population will play a key role – ramping up pressure on prices in the medium term. While we agree slowing labour supply will stifle output growth, in his recent discussion Nagel failed to fully consider the demand side of the argument.
Find Out More
Post
Surging global food prices could drive eurozone core inflation higher
Along with energy prices, global food prices have emerged as a key driver of the eurozone's current inflationary surge. Like other advanced economies, eurozone countries tend to be less exposed to global food price fluctuations. But if persistent and combined with strong demand, high food prices could result in a higher pass-through to core inflation.
Find Out More