The largest mortgage lender in Finland, the Finnish OB Group, forecasted a minor recession in Finland next year after reducing its forecast for the Scandinavian country’s economy.
And, according to the Bloomberg news agency, the Finnish economy is expected to meet recession criteria in 2023, despite the fact that the economy is expected to undergo a worldwide recession, according to the OB group, which had previously projected a 5% expansion. 0. 6% in 2023.
According to the organisation, the GDP will grow by 0.7% in 2024.
It is worth mentioning that Finland’s output increased rapidly during the first half of this year, with the labour market improving and businesses reporting excellent results.
Finland is expected to have a “slight recession“ next year. ”
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