According to a forecast, Finland's total output is expected to decrease by 5.5 percent in 2020. The Finnish economy already weakened in the end of 2019, and the economic crisis caused by the coronavirus (COVID-19) pandemic is expected to result in a severe fall of the GDP in 2020. The GDP growth is projected at 1.3 percent in 2021 and 2022 after the economic recovery from the current crisis.
Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2024
The source adds the following information: "Forecasts are based on the assumption that the containment measures will remain in place for three months, from mid-March to mid-June. After the restrictions have been lifted, growth will gradually recover during the second half of the year."
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Ministry of Finance Finland. (April 16, 2020). Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2024 [Graph]. In Statista. Retrieved July 10, 2020, from https://www.statista.com/statistics/1111697/gdp-growth-forecast-in-finland/
Ministry of Finance Finland. "Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2024." Chart. April 16, 2020. Statista. Accessed July 10, 2020. https://www.statista.com/statistics/1111697/gdp-growth-forecast-in-finland/
Ministry of Finance Finland. (2020). Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2024. Statista. Statista Inc.. Accessed: July 10, 2020. https://www.statista.com/statistics/1111697/gdp-growth-forecast-in-finland/
Ministry of Finance Finland. "Growth Forecast for Gross Domestic Product (Gdp) in Finland from 2020 to 2024." Statista, Statista Inc., 16 Apr 2020, https://www.statista.com/statistics/1111697/gdp-growth-forecast-in-finland/
Ministry of Finance Finland, Growth forecast for gross domestic product (GDP) in Finland from 2020 to 2024 Statista, https://www.statista.com/statistics/1111697/gdp-growth-forecast-in-finland/ (last visited July 10, 2020)
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