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
US-China relations improve, yet industrial recession remains likely
For the first time this year, our global industrial production outlook for 2025 has been upgraded. However, we still anticipate an industrial recession in Q2 and Q3.
Find Out More
Post
Positive tariff news does little to dispel overall uncertainty
We've nudged up our world GDP growth forecasts for 2025 and 2026 by 0.1ppt to 2.4%, in part to reflect the temporary but substantial reduction in tariffs between the US and China.
Find Out More