Bank of Finland - Front page

The Finnish economy is in recession. It is also expected to remain weak in 2024. Inflation in Finland has nevertheless fallen, as anticipated, and the purchasing power of households has strengthened.

The economy is performing weakly, and there are a number of reasons for this. Higher prices and interest rates continue to be a strain on household consumption. Investment is low. Residential construction, for example, is on hold. Consolidating Finland’s public finances is more challenging than expected.

A weak economic environment calls for a sustainable and long-term economic policy. Finland has every opportunity to succeed if debt sustainability is taken as a common goal and a firm commitment is made to this across parliamentary terms.