Accelerating inflation is slowing economic growth. Finland’s gross domestic product will grow by 1.4% this year.

Outlook for economic growth remains subdued (press release 17.6.)
Economic Survey, Summer 2022
Press conference presentation material (in Finnish)
Recording of the press conference
Photos from the press conference (material bank)

The authorities are creating backup arrangements to secure daily payments in the event that serious disruptions of society or emergency conditions would prevent the use of normal payment systems. The Ministerial Working Group on Preparedness decided to implement backup arrangements.

In future, new housing loans would have to be repaid in a maximum of 30 years. The Government is also proposing limitations on loans to housing companies.

The OEDC published a report on the development of Finland’s anticipatory innovation governance system prepared in cooperation with the Ministry of Finance and the European Commission on 15 June. According to the report, Finland’s anticipatory innovation governance system functions well, but there is room for improvement.

A working group appointed by the Ministry of Finance has developed a model for national dialogues. In national dialogues, issues important to people and communities are discussed in a way that strengthens inclusion in society. The model and the related report were published on 3 June.