Economic Survey, summer 2015
Finland’s GDP growth forecast for 2015 is 0.3%. In 2016 and 2017, GDP growth will pick up to 1.4%. Exports of goods and services showed very modest gains early in the year, and it is predicted that exports will increase by no more than 0.3% this year. In 2016 and 2017 export growth will accelerate to over 3% as economic growth gathers pace in the euro area.
In 2014 the Finnish general government deficit breached the 3% of GDP reference value. Finland will remain in breach of this limit in 2015, but the deficit will shrink in response to adjustment measures and rebounding economic growth and remain under the 3% threshold in 2016. The general government debt to GDP ratio, on the other hand, will continue to rise, albeit at slower rate.
