We have revised our forecast on Finland to reflect the most recent data and expect GDP to grow 0.8% in 2016 mainly on the back of consumption and construction. Improving export demand should also boost manufacturing investment in 2017.
The government has drawn up a budget for 2017, which promises tax cuts to boost domestic demand. The public debt-to-GDP ratio is forecast to reach 67% in 2017, but continued structural reforms combined with higher GDP growth should help to keep current sovereign credit ratings.
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