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
Forecasting Economic Outcomes from the US Election
As the US election approaches, the potential economic outcomes are on everyone’s mind. Regardless of the result, the economy is poised for significant changes driven by the policy decisions of the next president and Congress.
Find Out More
Post
Japan’s BoJ is now likely to front-load policy normalisation
We now expect the Bank of Japan will implement an additional rate hike this year, possibly in October, given the hawkish forward guidance at the July meeting. We previously projected the central bank would wait until next spring to hike again. Thereafter, we expect the BoJ to become more cautious and raise rates only once per year in 2025 and 2026 to reach a terminal rate of 1%.
Find Out More