Fiscal Balance in Finland
Finland - Fiscal BalanceFinland likely recorded a slower economic expansion in the first quarter of this year. Annual economic growth moderated in February from January due to weaker momentum in both services and primary production. More positively, public finance data released in April showed the government’s fiscal deficit fell last year and represented the best fiscal reading since the 2008 financial crisis. Moreover, public debt as a percentage of GDP fell below 60% for the first time since 2013. Meanwhile, in the political arena, the Social Democrats narrowly came out on top in the 14 April general election, while the outgoing Centre Party, which generally favors less government spending than the Social Democrats, slumped to fourth place. As the election winners, the Social Democrats officially began coalition-building talks on 25 April.
Finland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-2.6||-3.2||-2.8||-1.8||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.28||3.70 %||May 13|
|Exchange Rate||8.77||-0.38 %||May 13|
|Stock Market||3,806||0.0 %||May 13|
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May 15, 2019
The current account balance fell to a EUR 0.47 billion deficit in March, down from February’s revised EUR 0.15 billion shortfall (previously reported: EUR 0.04 billion deficit).
May 14, 2019
Consumer prices rose 0.6% in April compared to the previous month, up from 0.1% in March.
April 18, 2019
The current account balance fell to a EUR 0.04 billion deficit in February, contrasting the revised EUR 0.50 billion surplus in January, which was previously reported as a EUR 0.84 billion surplus.
April 16, 2019
Economic activity grew a working-day adjusted 1.7% in February compared to the same month a year earlier, down from the revised 2.1% rise in January (previously reported: +1.5% year-on-year).
April 15, 2019
Consumer prices rose 0.1% in March compared to the previous month, down from the 0.5% rise in February.