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Research Briefing | Nov 17, 2021

Finland | Q3 GDP growth in line with our expectation

Ipad Frame - 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: ConsumerConsumptionCoronavirusCoronavirus vaccineCountry Economic ForecastCovid19EmploymentEnergy pricesEuropeExportsFinlandForecastsGDPImportsInflationNordicRecoverySupply and demandSupply chain
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