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The Finnish economy will grow by 1.2 per cent in 2024 and by 1.8 per cent in 2025, according to a forecast published on Monday by the Ministry of Finance.
The Ministry of Finance expects the Finnish economy to contract by 0.2 per cent in 2023. The Bank of Finland expects the decline to be steeper, 0.5 per cent.
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Inflation hits 2.1 percent in April
Finland's above-average rise was partly due to a sharp drop in fuel prices last year as the Covid crisis began.
Consumer prices in April were driven upward by higher fuel costs, compared to a year ago.
Image: Antro Valo / Yle
Consumer prices in Finland rose 2.1 percent in April, compared to April 2020, according to data published by Statistics Finland on Friday.
The rate of inflation rose from 1.3 percent in March.
April's increase in the inflation rate was in large part down to a sharp drop in fuel prices that occurred during spring 2020 as the coronavirus pandemic took hold.