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Finnish economy gearing to be the next ‘tiger economy’ after Sweden


  




Monday, 13 June 2011
It is not only Sweden which could boast wonderful economic growth. The Finnish economy has shown that it too has what it takes to make big noises.

According to Finnish Sampo Bank’s latest economic forecast, Finland is now growing faster than the euro area economy in general.

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Exports continue to grow and household consumption is on the rise despite the accelerating inflation, which has put a dent on purchasing power.

The Bank estimates that full year's GDP will grow by 3.6 percent this year and by 2.7 percent next year.
The unemployment rate will fall below eight percent this summer to land at around seven per cent next year, according to the prediction presented by the Bank. Also inflation is moving downwards, from more than three percent this year to under three per cent next year.
By Scancomark.se Team



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