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Finland

Fast Comment Finland — A moderate slowdown in Finnish GDP growth in Q2

  1. GDP grew in Q2 by 0.3 percent q-o-q and 2.5 percent y-o-y
  2. Domestic demand the main contributor to GDP growth, yet net exports turned positive
  3. Strong but gradually moderating growth likely to continue

Tiina Helenius, Chief Economist Finland | tihe01@handelsbanken.se

Macro Comment Finland — Strong job market underpinning the Finnish economy

The robust labour market is fuelling household income growth creating favourable conditions for consumption. Hence, the outlook for GDP growth remains positive. Strong job gains are bringing positive surprises for the public sector economy as well; against all odds, the government may well reach a balance this year.

Tiina Helenius, Chief Economist Finland | tihe01@handelsbanken.se

Markkinakatsaus — Viikko 35/2018

• Maailmantalouden näkymä aikaisempaa eriytyneempi
• Kiinan juanin heikentyminen on nyt nähty

Janne Ronkanen, Senior Economist | jaro06@handelsbanken.se

Fast Comment Finland — Consumer confidence down slightly, but still solid in August

  1. Consumer confidence indicator was at 21.5 in August
  2. Weakened expectations concerning Finland’s economy weigh on the CCI the most
  3. Confident consumers and improved income growth – a very positive consumption outlook

Tiina Helenius, Chief Economist Finland | tihe01@handelsbanken.se

Global macro forecast — A diverging world

• Geopolitical risks dominate
• US and China dictating the pace
• Shift in economic cycle imminent - slowdown in the pipeline

Ann Öberg, Head of Economic Research | anob04@handelsbanken.se

Fast Comment Finland — Impressive labour market improvement continues

  1. Unemployment rate (S.A.) 7.3 percent in July
  2. Remarkably strong labour market statistics on the whole
  3. Strong employment growth helps Finnish rebalancing

Janne Ronkanen, Senior Economist | jaro06@handelsbanken.se