Finland’s period of rapid economic growth has come to an end, according to the Bank of Finland, which said its economic projections have pointed to the need for measures to be taken to respond to economic downturns, while also shielding the Finnish economy from any market volatility that stems from climate change.

The Finnish economy is projected to grow by 2.7% this year, but will, in fact, decelerate to 1.9% in 2019 and 1.7% in 2020, due to weakening exports as a result of the lack of global economic growth.

Projections by the Bank of Finland are more optimistic than the government projections for 2.5% growth in 2018 and 1.5% in 2019.

 

Full article available: https://www.neweurope.eu/article/bank-of-finland-sees-climate-change-as-major-factor-of-economic-volatility/

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