Finland | Economy remains resilient with growth seen, but downside risks are rising

Finland’s GDP in the last few quarters has been revised up slightly, lifting our growth forecast for 2021. 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:

Q2 GDP grew by 2.2% q/q according to the latest estimate, while previous quarters were also revised up.
Fixed investment was up by 1.2% in Q2, driven by private sector investment, resulting in an upward revision for this and next year.
Inflation ticked up to 2.5% in September, below many European peers.

Topics: Europe, Consumption, Inflation, Coronavirus, GDP, Recovery, Coronavirus vaccine, Nordic, Finland, Covid19, Supply chain, Supply and demand