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Finland’s economy set to grow by less than 1% this year as debt ratio tops 90%

Yle News reports that growth remains weak while the public debt burden continues to rise.

Silja Symphony and icy sea lane South Harbor Helsinki Finland.jpg
Silja Symphony and icy sea lane South Harbor Helsinki Finland.jpg Pöllö · Wikimedia Commons

Finland’s economy is forecast to expand by just under 1% this year, according to Yle News. At the same time, the country’s debt-to-GDP ratio is expected to climb above 90%, underscoring the pressure on public finances.

The figures point to a recovery that is still moving slowly, even if the outlook is positive. A debt ratio above 90% suggests that Finland’s room for fiscal manoeuvre will remain limited in the near term.

Sources

Story based on reporting from the outlets above. Päivän Sanomat editorial rewrite.

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