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Outlook for the Finnish economy.
The Finnish economy is growing, but at what pace?
In the course of the current year it has become clear that the Finnish economy has again embarked on a growth path. Measured by total output, the turnabout took place in the third quarter of 1993. In the first half of the current year, total output was already 3.1% greater than last year. This year, total output will grow an average of 3%, and next year growth will accelerate to 5%.
After the strong decline in production, growth figures appear easily large, when measured as percentages. Therefore the forecasted 5% growth for next year is not exceptionally strong. Compared with earlier recessions, it is ...
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