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Kuva
Economic Survey Spring 2021
Julkaistu

12.05.2021

ISBN

978-952-367-497-4

URN

http://urn.fi/URN:ISBN:978-952-367-497-4

Asiasanat ja teemat

economic development, budget economy, public finances, macroeconomy, Economic Prospects, budjettiesitys

Sivumäärä

112

Info

Finland's gross domestic product is expected to grow by 2.6% in 2021, 2.5% in 2022 and 1.5% in 2023. The growth will accelerate towards the end of 2021 and the upturn will also boost economic growth in 2022.

The economy will not fully recover from the COVID-19 pandemic until the end of 2021 as the substantial increase in new cases in spring 2021 will continue to cast a shadow on economic activ-ities. Domestic demand for services will remain weak and Finnish exports are affected by the con-tinuation of the pandemic. The economy will only get back to normal when the epidemic can be considered to be under control.

The forecast is based on the assumption that the COVID-19 incidence will fall to a low level by summer 2021 as a result of restrictions, vaccinations and seasonal variation of the disease. Re-strictions can be relaxed and lifted when the disease is no longer spreading.

General government deficit will contract sharply in 2022 as the support measures prompted by the COVID-19 epidemic will come to an end and the economy will recover. However, the general government deficit will persist. Public debt-to-GDP ratio will increase from the current level of 70% to 75% by the year 2025.

Hinta

39,60 €

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