Finland's economic growth rate is expected to slow to 1.4% this year
Author:Xinhuanet Time:2022.06.19
Xinhua News Agency, Hernesses, June 17 (Reporter Chen Jing and Xu Qian) The Finnish Ministry of Finance said on the 17th that the country's economic growth is slowing down, and the economic growth rate is expected to slow from 3.5%in 2021 to 1.4%.
The Ministry of Finance issued an economic survey report on the same day that Finnish inflation has exacerbated exceeding expectations, and the financial prospects of Finland families have deteriorated.The country's economic growth is expected to be 1.1%in 2023 and 1.3%in 2024.
According to data released by the Finnish Statistics Bureau recently, Finland's inflation rate has reached 7.0%, a new high of 32 years.Inflation increases the purchasing power of the family, which weakens domestic demand and hinders economic growth.
The Ministry of Finance believes that if it can speed up the dependence on fossil fuel and increase the green investment of the energy department, the Finnish economy may be boosted.
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