Bank of Finland - Front page

Finland’s general government debt ratio has grown almost without interruption since the global financial crisis. This trend differs significantly from that seen in the other Nordic countries. It is vital to build a strong political commitment to fiscal sustainability and to the resolute implementation of the measures this calls for.

Rising electricity and fuel prices have accelerated the increase in other prices. The resulting high level of inflation is weakening consumers’ purchasing power and general confidence in the economy. The energy crisis will push the Finnish economy into a mild recession in 2023, but this will be short-lived. 

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