Public Budget Close To Balance Despite Election Year

Published 09/18/2018, 03:41 AM

The Finnish economy is set to slow down in 2019, but growth is still broad based, which has a positive impact on employment and public finances. We have lowered our unemployment rate forecast to 7.3% and expect a small general government budget surplus in 2019. The debt to GDP ratio is falling below 60% in 2018. Good near - term outlook is shadowed by the longer-run challenges of a low employment rate and ageing population. Further reforms are needed to regain AAA ratings.

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