Bloomberg News

Finnish Economic Forecast Cut at PT on Extended Euro Area Crisis

September 04, 2012

Finland’s economy will expand at a slower rate than previously forecast as the European sovereign debt crisis weighs on export demand, the Labour Institute for Economic Research, or PT, said.

Finland’s economy will grow 1.4 percent this year, less than the 1.9 percent growth forecast on April 3. Next year, the economy will expand 2 percent, compared with the 2.6 percent April estimate, Helsinki-based PT said in an e-mailed statement today.

To contact the reporter on this story: Kasper Viita in Helsinki at kviita1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net


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