1. Market Research
Country Forecast Finland February 2018 Updater

Country Forecast Finland February 2018 Updater

  • February 2018
  • ID: 5308503

Summary

Table of Contents

Search Inside



  • Finland's new government is led by the Centre Party (KESK), the centre-right National Coalition Party (Conservatives, or KOK) and Blue Reform, a splinter party from The Finns (PS), a far-right party. The PS was ejected from the coalition in June 2017 after it elected a hardline nationalist, Jussi Halla-aho, as its leader. In response, 19 PS members of parliament defected from the party and formed Blue Reform, which supports the government.
  • The governing coalition has a smaller working majority in parliament (six seats, down from 24) than when it included the PS. However, Blue Reform has so far had a more stable relationship with the KESK and the KOK. The Economist Intelligence Unit expects the new coalition to last its full legislative term, to 2019.
  • The government deficit narrowed from 3.2% of GDP in 2014 to 1.7% in 2016. We estimate that it contracted to 1.3% of GDP in 2017 and expect it to remain stable in 2018, before narrowing to less than 1% by 2021. The public debt/GDP ratio stood at 63.1% in 2016. We forecast that it will decline in the coming years, but only fall below 60% in 2021.
  • We expect real GDP growth of 2.3% in 2018 (revised up from 2.1%), slowing from an unexpectedly strong upswing in 2017, at an estimated 3.1%. We forecast average annual growth of 2% in 2019-22, supported by solid domestic demand. The external environment became more favourable in 2017, as the euro zone economy expanded more rapidly and exports to Russia benefited from the rouble's appreciation. However, we expect the external environment to weigh slightly on growth in 2018 as import growth picks up and a moderation in global trade volumes slows export growth.
  • International oil prices have recovered slightly following their sharp decline in late 2014, but domestic price pressures remain relatively weak. After a return to inflation in 2016, inflation averaged 0.9% in 2017. We forecast that it will pick up to 1.2% in 2018 and 2% on average in 2019-22.
  • Owing to significant upward revisions in the official data, we now expect the current account to record a surplus of 1.1% of GDP 2017 (from 0.2% previously), after an equivalent deficit of 1.1% of GDP in 2016. The surplus can be attributed to a sizeable increase in the goods trade surplus and a narrowing of the services deficit. We now expect current-account surpluses above 1% of GDP to be sustained throughout the forecast period.






Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Nicolas helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2018

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on