Fiscal Balance in Finland
Finland - Fiscal BalanceMomentum waned somewhat in Q3, according to preliminary national accounts data. Economic activity growth slowed on average in monthly terms in Q3, as did retail sales, although industrial output rose at a marginally higher pace. Prospects for Q4 are mixed: In October, economic sentiment hit its highest level since at least February 1990, although consumer confidence dropped to a five-month low, likely due to higher price pressures and a slowdown in job creation at the end of Q3. Meanwhile, on 5 November, Scope Ratings affirmed the country’s ‘AA+’ rating with a stable outlook, citing the economy’s resilience and high government debt affordability. That said, the agency highlighted moderate growth potential and increasing fiscal pressures due to an aging population as threats. Lastly, on 10 November, the country reached its target to fully vaccinate 80% of the population, although current restrictions will remain in place and the use of the Covid-19 pass will be extended.
Finland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.4||-1.7||-0.7||-0.9||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.03||3.70 %||Dec 30|
|Exchange Rate||8.78||-0.38 %||Jan 01|
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November 16, 2021
Economic activity rose to a three-month high of 5.0% year-on-year in working-day adjusted terms in September, accelerating from August’s 4.3% increase.
November 15, 2021
Consumer prices rose 0.75% from the previous month in October, accelerating from the 0.31% rise recorded in September.
November 12, 2021
The current account recorded a EUR 1.1 billion surplus in September, widening markedly from September 2020’s EUR 0.1 billion surplus, and from August’s EUR 0.4 billion surplus.
October 15, 2021
Economic activity increased 4.6% year-on-year in working-day adjusted terms in August, which followed July's 5.3% increase.
October 14, 2021
Consumer prices rose 0.31% in September over the previous month, accelerating from the 0.23% increase recorded in August.