Finland's recession to continue in 2024: central bank


  • World
  • Saturday, 16 Mar 2024

HELSINKI, March 15 (Xinhua) -- Finland's economy is expected to remain in recession throughout 2024, with signs of recovery emerging only towards the end of the year, the Bank of Finland said in its interim forecast published on Friday.

The central bank forecast a 0.5-percent contraction in Finland's economic growth for this year, with a projected rebound towards the end of the year. Looking ahead, the bank predicts the country's gross domestic product (GDP) will grow by 1.7 percent in 2025 and 1.5 percent in 2026.

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