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Economic Outlook in the Nordic Countries 2014

The Nordic Working Group of Economic Trends Review, autumn 2013

image of Economic Outlook in the Nordic Countries 2014

The Economic Outlook in the Nordic countries 2014 is the review from the Nordic Working Group of Economic Trends for the economic situation in the Nordic countries autumn 2013. The review contents as previous years, a special chapter with a short outline of the economic situation in the Nordic countries as whole, and a chapter of the situation in every single country.

English

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Finland

The picture of last year’s economic development has become clearer since the previous forecast made in June. Revised provisional figures from Statistics Finland indicate that the volume of GDP fell by 0.8% last year. Statistics Finland’s earlier estimate put the figure at just 0.2%, meaning that the value of GDP in 2012 was in fact EUR 2 billion lower than indicated by the unrevised June estimate. Inevitably, this will have affected other indicators as well, such as central government debt to GDP. The same goes for the growth track. In the first quarter of the current year the economy still recorded growth over the previous quarter. Demand in the national economy was sluggish last year, with demand items showing no growth from the year before.

English

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