Lowered GDP forecast for Finland

Finland's central bank – a part of the ECB system – is lowering its forecast for the country's recovery in 2025. Next year's growth is expected to remain at 0.8 percent following the GDP decrease estimated at 0.5 percent this year.

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Lowered GDP forecast for Finland
Photo: Bo Amstrup AP/TT

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In the latest previous forecast from September, Finland's central bank expected a GDP growth of 1.1 percent in 2025 and the average forecast among analysts is a growth of 1.6 percent in 2025, according to a compilation of forecasts made by Bloomberg.

Finland's economy has been one of Europe's weakest since before the pandemic and the country has been harder hit than many other EU countries by frozen trade with Russia after the full-scale Russian attack on Ukraine in 2022, while demand from other important trading partners – such as Sweden and Germany – has been weaker than usual.

A new GDP forecast from Finland's government is expected on Thursday.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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