World & Business

Finland’s economy posts its strongest growth in five years

Growth and confidence are improving while inflation eases, but unemployment remains stubbornly high, according to Yle News.

Launching of the Euro - Press conference - 1998.jpg
Press conference during the launch of the Euro in 1998. Danny Gys / European Communities, 1998 / EC - Audiovisual Service · Wikimedia Commons

Finland’s economy is now growing at its fastest pace in five years, Yle News reported on Thursday. The brighter outlook comes as inflation is slowing, a sign that price pressures are easing even as many households continue to feel the strain.

The recovery is not yet broad-based, however, because unemployment remains sky-high. That means the latest signs of momentum are encouraging, but they do not yet point to a full turnaround in the labour market.

Sources

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

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