Cyclical|Next year, Danske predicts a growth of 1.8 %, which is 0.2 percentage points more than in the bank’s previous forecast.
Danish Bank predicts that the Finnish economy will increase by 1.1 per cent this year. The bank has filed a forecast of 0.7 percentage points from its previous forecast.
By contrast, next year, Danske predicts a 1.8 % increase, which is 0.2 percentage points more than in the bank’s previous forecast.
Danske estimates that the recovery of the Finnish economy is still slow due to the caution of consumers this year.
Consumption is curbed by high unemployment. However, Danske predicts that unemployment will decline this year and set to 8.3 %. Next year, the bank predicts that the unemployment rate will be 7.7 %.
Sticky After the first half of the year, the bank predicts that growth will be refreshed as consumers’ purchasing power rises and interest rates continue to fall. In particular, the decline in interest rates will help with mortgage debtors, and Danske estimates that purchasing power turns to growth as wage increases exceed low inflation.
Danske’s chief economist Pasi Kuoppamäki Says in the bank’s announcement that the gradual pick -up of exports and the nascent turning in construction will support the rise that will increase next year.
However, there are also question marks in the air.
“The economic uncertainty is increasing that we are still looking forward to concrete information on potential import duties that the US President Donald Trump Can set in EU countries. The effects of potential customs duties would also be indirectly felt, for example, through the deterioration of the euro area economy, ”Kupamäki ponders.