Although general economic uncertainty has increased, the baseline scenario for the international economy is guardedly positive: economic growth in the euro area and the US will continue at last year’s pace, China’s growth will slow down in a controlled manner.
Finland’s GDP will grow by 0.9 per cent in 2016; growth will accelerate to 1.2 per cent in 2017 and to 1.4 per cent in 2018.
In the forecast we have assumed that Finland will carry out the so-called social contract negotiated at the end of February 2016 and that the government will consequently lower income taxes by 500 million euros in …read more
Source: ETLA